Question $97(1$ point$)$

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What are the elements of promissory estoppel?

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 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

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

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

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