Ken promises not to foreclose on a mortgage that he holds on an office complex that Christopher owns.In reliance on this promise,Christopher expends $200,000 to remodel the complex.Which of the following is correct with regard to Ken's promise?
A) Ken's promise not to foreclose is unsupported by consideration.
B) Ken's promise is noncontractual.
C) Ken's promise will be enforced against him based upon the doctrine of promissory estoppel.
D) All of these.

Question

Quizplus · Accepted Answer

The Answer of Ken promises not to foreclose on a mortgage that he holds on an office complex that Christopher owns.In reliance on this promise,Christopher expends $200,000 to remodel the complex.Which of the following is correct with regard to Ken's promise?
A) Ken's promise not to foreclose is unsupported by consideration.
B) Ken's promise is noncontractual.
C) Ken's promise will be enforced against him based upon the doctrine of promissory estoppel.
D) All of these.

Ken Promises Not to Foreclose on a Mortgage That He