Do you think that the doctrine of promissory estoppel serves a useful purpose? Would it not be

Question:

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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Canadian Business & the Law

ISBN: 978-0176501624

4th edition

Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz

See More Books

Question Posted: Dec 09, 2015 03:55 AM

See More Questions

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...
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.
Ira Icandoit is a staff auditor in the internal audit function of a small manufacturing company located in western Kansas. Ira recently completed a professional development course on a statistical...
Briannas Wedding Shops earned net income of $25,000, which included depreciation of $16,000. Briannas acquired a $116,000 building by borrowing $116,000 on a long-term note payable. Requirements 1....
Figure is a printed medical history form that Dr. Mike Robe, a family practitioner, has his receptionist give to all new patients. All patients must fill it out before they see the doctor. The...
Find the probability that a tumor is malignant, given the following: a. The values for all predictors are at the minimum (1). b. The values for all predictors are at a moderate level (5). c. The...
Annettes Photo Shop is a retail store that sells cameras and photography supplies. Annettes Photo Shop began operations April 1, 2016. The firm purchases its merchandise for cash and on open account....
Explain in detail what a freight bill is and how it is used in an accounting information system.
Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In January 2021, Janice opened her own office located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called her...
What risks do negotiators face if they lack knowledge of the rules of contract?
Mr. Gaff made the following written offer to Ms. Paulo: MEMO FROM: J. Gaff TO: R. Paulo DATE: June 7, 2000 I hereby agree to sell to R. Paulo my entire fleet of Rolls Royces for the sum of $1...
An oligopoly: a. And monopolistically competitive market produce less and charge higher prices than if their markets were perfectly competitive. b. Is characterized by mutual interdependence of...
Identify a public conflict (such as a recent Congressional debate or even a celebrity breakup) that has come to the forefront in the media (or public's attention) in the last thirty days. You have...
Performance Management Issues You have been asked to return to your alma mater and speak to current students about performance management issues. To make the most of this experience for yourself and...
Analysis of competitor organization of our selected organization Walmart and its competitor Safeway. 1. Complete analysis of competitor organization; addresses all relevant factors and typically uses...
Defining Program Objectives of Youth centers Clearly define the objectives of your program or center. What specific outcomes do you hope to achieve? Examples may include promoting physical fitness,...
Identify a local or regional organization and analyze how they demonstrate servant leadership in their operations. You will want to review their website, social media, news, and other resources to...
Some organizations are asking employees to post information in wikis rather than write traditional reports. What would be the advantages and disadvantages of reporting information on an internal...
You are the newly appointed tax practitioner to complete Emilys tax return and have downloaded the prefill report for Emilys tax return (hint, you can read what a prefill report is here (Links to an...
Using the latest available figures, find the value of households net acquisition of UK ordinary company shares. How does this acquisition figure compare with the stock of ordinary company shares...
On February 2, Phillips induced Miller to purchase from her fifty shares of stock in the XYZ Corporation for $10,000, representing that the actual book value of each share was $200. A certificate for...
Doris mistakenly accused Peters son, Steven, of negligently burning down her barn. Peter believed that his son was guilty of the wrong and that he, Peter, was personally liable for the damage, as...
Jones, a farmer, found an odd-looking stone in his fields. He went to Smith, the town jeweler, and asked him what he thought it was. Smith said he did not know but thought it might be a ruby. Jones...
QUESTION 3 A business owns seven flats rented out to staff at R500 per month. All flats were tenanted Ist january 21 months rent was in arrears and as at 31st December 14 months' rent wa Identify the...
1. 2. 3. Select the Tables sheet, select cells A6:B10, and create range names using the Create from Selection button [Formulas tab, Defined Names group]. Select cells B1:F2 and click the Name box....
Tropical Rainwear issues 3,000 shares of its $18 par value preferred stock for cash at $20 per share. Record the issuance of the preferred shares. (If no entry is required for a particular...

Do you think that the doctrine of promissory estoppel serves a useful purpose? Would it not be

Question:

Step by Step Answer:

Promissory estoppel is a complicated doctrine but it also accords in many cases with reasonable comm...View the full answer

Canadian Business & the Law

Students also viewed these Business Law questions