Describe the doctrine of promissory estoppel. What does it mean to say that promissory estoppel can be
Question:
Describe the doctrine of promissory estoppel. What does it mean to say that promissory estoppel can be used to vary, but not create, contractual rights? Give examples to illustrate your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Promissory estoppel is a doctrine that prevents a party from retracting a promise even a gratuitous ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Do you think that the doctrine of promissory estoppel serves a useful purpose? Would it not be easier if the law simply insisted that all contractual variations be supported by consideration?
-
1. State the four elements of a promissory estoppel claim. 2. What is the significance of the fourth element of promissory estoppel, avoidance of injustice? 3. How did the court deal with Chryslers...
-
The Blacksox Baseball Club and Roark Designs Corp conducted extensive negotiations concerning the development of a new ball park. During those negotiations, the owner of the Blacksox said to the...
-
Two different types of tips can be used in a Rockwell hardness tester. Eight coupons from test ingots of a nickel based alloy are selected, and each coupon is tested twice, once with each tip. The...
-
Manor County was awarded a state grant to establish evening athletic programs for at-risk youth. The $3.6 million award, to cover the calendar year 2018, was announced on November 15, 2017. According...
-
For all types of animals, the percentage that survive into the next year decreases. In one study, the survival rate of a sample of reindeer was modeled by S(t) = 100(0.999993) t5 . The function S...
-
What are the two components of a theory of business cycles?
-
You buy a new piece of equipment for $16,230, and you receive a cash inflow of $2,500 per year for 12 years. What is the internal rate of return?
-
Mr Heng derived the following Singapore sourced income in the year 2022: (i) (ii) Employment income of $60,000 Interest income of $300 from a loan made to a friend (iii) Dividend income of $800 from...
-
A company that operates 10 hours a day manufactures two products on three sequential processes. The following table summarizes the data of the problem: Determine the optimal mix of the two products....
-
Explain the relationship between the requirement of consideration and the privity of contract doctrine.
-
A seal is a type of consideration. Is that statement true? Explain your answer.
-
Here is a fascinating (unsolved) problem known as the hailstone problem (or the Ulam Conjecture or the Collatz Conjecture). It involves sequences in two different ways. First, choose a positive...
-
9. Assume a direct mapped cache, with four lines and the tag values for each lines are as below: Line 00 01 10 11 Tag 00110 00001 00000 Invalid The tag, line, and word field contains: 5, 2, and 5...
-
Explain two (2) separate occasions a teacher assistant has implemented a planned technique to manage the behaviour of concern during an activity. For each occasion, explain what the behaviour was and...
-
Ardmona Dried Fruit Providers is considering expanding operations in Japan costing $930,000 Japanese yen. The current exchange rate is AUD/YEN 85.64. The risk-free interest rate in Japan is 1.82%...
-
Genesis Computer Company builds custom computerized machinery and technology for clients who build, buy, and ship inventory. In the current tax year, they incurred expenses totaling $525,000 on...
-
Which of the following gases has a minimum molecular mass? a Oxygen b-Nitrogen c*Hydrogen d Methane
-
(a)Find the probability that your friend is between 15 and 25 minutes late. (b)It is 10 a.m. There is a 90% probability your friend will arrive within the next minutes.
-
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
-
R. B. Bewley and his family drove to Kansas City to attend a week long church convention. When they arrived at the hotel where they had reservations, they were unable to park their car and unload...
-
Felice Jasphy brought three fur coats to Illana Osinskys establishment trading a Cedar Lane Furs in Teaneck, New Jersey, for storage and cleaning. The three coats included a ranch mink coat, a...
-
Marie Wallinga was staying at the Commodore Hotel. She had her son take her two diamond rings to the hotel clerk for safekeeping. The rings were shown to the clerk and then placed in a safe-deposit...
-
The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators. (Each calculator requires one shell.) For each of the next two years, Wyoming expects to sell 640,000...
-
River Walk Tours is expected to have an EBIT of $184,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to $11,000, $1,500, and $13,000, respectively....
-
Coronado Corporation purchased a depreciable asset for $576000 on January 1, 2023. The estimated salvage value is $54000, and the estimated useful life is 9 years. The straight-line method is used...
Study smarter with the SolutionInn App