8) Which statement best defines Promissory Estoppel?

a. A person is stopped from going back on his promise when that promise has been acted upon.

b. A person is stopped from making promises he or she does not intend to keep.

c. A person must not make empty promises.

d. A person is not liable for promises made in the absence of consideration.

9) When his old freezer broke down, Jim ordered a new freezer to be delivered to his restaurant. Given the nature of his business, he stipulated that the freezer must be delivered in two-days' time and that "time was of the essence". What is the nature of Jim's term?

a. It is a condition.

b. It is a warranty.

c. It is an innominate term.

d. It is an issue that can be contested.

10) Adam breached his contract with Sam, and as the result of this, Sam lost several thousand dollars. Sam plans to bring action against Adam for unliquidated damages. Which statement best describes 'unliquidated damages'?

a. Punish the party breaching the contract.

b. Prevent either party from breaching the contract.

c. Restore the party who has suffered the loss to the same position as if the contract had been performed properly.

d. Compensate the injured party