Promissory Estoppel

Question 1

Promissory Estoppel

Answer 1

Allows reliance damages for a party who reasonably relied on the promise even when a contract was not formed

Question 2

A promise on which there is a foreseeable reliance

Answer 2

Does not have to be so definite as to rise to the level of an offer

Question 3

Promisee relies on the promise to their detriment

Answer 3

Proof that the promise-induced action or forbearance is not needed in marriage settlements or promises to charities

Question 4

Injustice can be avoided by enforcement of the promise

Answer 4

Expectation damages put a party in the position they would have been in had the contract been performed; if the contract is too vague, damages will be awarded to place a party in the position they were in before agreeing to the contract

Question 5

Construction bids

Answer 5

Promissory estoppel can be found in bids where a contractor relied on a subcontractor to do a job for a certain amount of money

Question 6

Quasi-contract

Answer 6

Implied-in-law contract prevents unjust enrichment when there is no contract or when there is a failed contract