Contracts

Question 1

Promissory Estoppel (definition + elements)

Answer 1

Promissory Estoppel = promisee that reasonably relies to his detriment on gratuitous promise may be able to enforce that promise even without consideration
Elements:
1. a promise
2. foreseeable reliance
3. actual reliance (induced by the promise)
4. injustice would result without enforcement

Question 2

Types of Contracts Subject to SOF

Answer 2

MYLEGS
• Marriage Ks
• Ks that can’t be performed within one Year of their making
• Ks for the sale of Land
• Ks of an Executor or administrator to answer for a duty of a decedent
• Ks of Guarantee or suretyship
• Ks for the Sale of goods at a price of $500 or more (UCC 2-201)