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Unformatted text preview: Franks part. Rule : Restatement 90; Promissory estoppel Roy Notes : Why no consideration? Because it was a gift. Mrs. Greiner didnt get anything in return. There was no bargained-for exchange. 90- A promise which the promisor should reasonably expect to induce action or forbearance on the part of the promisee or a third person and which does induce such action or forbearance is binding if injustice can be avoided only by enforcement of the promise. The remedy granted for breach may be limited as justice requires. *Requirements for promissory estoppel : 1. There must be a promise 2. Promisor must reasonably be able to foresee reliance 3. Promise must actually produce detrimental reliance 4. injustice avoided only if enforcement of promise Detrimental reliance plaintiff must be able to say I am worse off now because of my reliance on the promise....
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- Fall '08