An important exception to the rule requiring consideration to support a promise is the doctrine of ______.This doctrine arises when a promisee justifiably relies on a promisor's promise to his or her economic injury.
A) firm offer
B) consideration
C) termination
D) promissory estoppel
E) accord and satisfaction

Question

Quizplus · Accepted Answer

An important exception to the rule requiring consideration to support a promise is the doctrine of promissory estoppel. This doctrine arises when a promisee justifiably relies on a promisor's promise to his or her economic injury. The promisor must know that the promisee is likely to rely on the promise.

An Important Exception to the Rule Requiring Consideration to Support