Question
William worked for Valerie who owned a clothing store. One day, Valerie told William that she would give him a pension of $15,000 a year.
William worked for Valerie who owned a clothing store. One day, Valerie told William that she would give him a pension of $15,000 a year. William was delighted. William had saved some money, but not enough to retire. With the $15,000 from Valerie, William could retire. Valerie paid the $15,000 every year for five years and William relied on this money. Eventually, Valeries clothing store faced difficult times. She decided to stop sending money to William. Does William have a right to the pension?
Yes, because of promissory estoppel.
No, because Valerie likely decided to give him a pension because of past consideration.
No, because Valerie gave the pension just to be kind.
Yes, because Valerie likely gave pensions to all her employees.
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