How does the equitable doctrine of promissory estoppel relate to the requirement of consideration in…
A clear promise intended to be acted on may bind the promisor in equity where the promisee acted on it and going back would be inequitable, subject to the doctrine's limits.
Choose your answer
How does the equitable doctrine of promissory estoppel relate to the requirement of consideration in Indian law?
Answer and explanation
Correct answer A
A clear promise intended to be acted on may bind the promisor in equity where the promisee acted on it and going back would be inequitable, subject to the doctrine's limits.
Option feedback
Option A
A clear promise intended to be acted on may bind the promisor in equity where the promisee acted on it and going back would be inequitable, subject to the doctrine's limits.
Option B
The doctrine can operate without converting the promise into consideration.
Option C
Reliance for equitable estoppel does not turn prior acts into consideration.
Option D
The doctrine does not require separate payment as a condition of reliance.
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