2nd Take Home Exam Essay Example | Topics and Well Written Essays - 500 words

2nd Take Home Exam - Essay ExampleThe teaching of promissory estoppel is a policy that allows the recovery of a engagement made without considering that it will be enforceable (Clarkson 249). The promisee may encounter losses or suffering in the process of ensuring that he gets the promise. This discussion theatrical roles a wooing study where Cato promised Isabella $40,000 after she graduates from State College. Cato fails to honour his promise and claims not to remember promising her the money.Isabella has a sort out of demanding the money that Cato promised her. The doctrine of promissory estoppel gives her the right to demand that Cato fulfills his promise. Isabella relied on Catos promise to complete her university education. The next issues compel Cato to give Isabella the money. First, Catos promise was clear and definite, and this means that he knew what he was doing when he promised her the money. Cato valued Isabella to complete her university education and graduate . Therefore, promised her the money to encourage her to complete her studies. Isabella and Cato understood the promise and thus it is legally rachis for him to give her the money. Secondly, Isabella had adequate reasons to rely on the promise to complete her university education. It is necessary to explain that she would not bring on gone back to school if Cato did not promise her the money. Therefore, she was justified to rely on the promise because she hoped to use the money after graduating. Therefore, she perceived the promise to be an economic gate to success.Thirdly, Cato knew that Isabella would rely on his promise to complete her university education. She was sure that Cato would honour his promise and give her the money, and that is why she went to school without doubting Catos promise. This doctrine states that the promiser has an obligation of honouring a promise if he knows that the promise will influence the behaviour of the liquidator (Clarkson 248). Therefore,