Question $17$

$0\mathrm{.}5pts$

What are the elements of promissory estoppel?

Money $($or other property of value$)$; a promise; the performance of an act called for by the agreement; and forbearance

One party makes a promise knowing the other party will not rely on it; the other party does not rely on the promise; and the only way to avoid injustice is to enforce the promise

Real and$/$or personal property given as consideration to enforce the contract; an exchange of mutual promises; and the performance of an act called for by the agreement

One party makes a promise knowing the other party will rely on it; the other party does rely on the promise; and the only way to avoid injustice is to enforce the promise

One party makes a promise knowing the other party will rely on it; the other party does rely on the promise; and the only way to enforce the contract is to require specific performance