What is promissory estoppel

Assignment Help Business Law and Ethics
Reference no: EM133416738

Assignment:

Elvis Presley, a singer of great renown and a man of substantial wealth, became engaged to Ginger Alden. He was generous with the Alden family, paying for landscaping the lawn, installing a swimming pool, and making other gifts. When his fiancée's mother, Jo Laverne Alden, sought to divorce her husband, Presley promised to pay off the remaining mortgage indebtedness on the Alden home, which Mrs. Alden was to receive in the divorce settlement. Subsequently, Presley died suddenly, leaving the mortgage unpaid. When the legal representative of Presley's estate refused to pay the mortgage, Mrs. Alden brought an action to enforce Presley's promise. The trial court denied recovery. Mrs. Alden appealed.

  1. Generally, promises to give a gift are not enforceable. According to the textbook, what would be required to turn an unenforceable gift promise into an enforceable promise?
  2. Alden tried to argue that the promise should be enforced due to promissory estoppel. According to the book, what is promissory estoppel, and what elements must be shown for a court to apply promisory estoppel?
  3. Given the facts in the case summary, do you think Presley's promise to pay the mortgage should be enforceable? Fully explain your reasoning.

 

Reference no: EM133416738

Questions Cloud

Did you know that statistically, death from alcohol exceeds : Did you know that statistically, death from alcohol exceeds death from AIDS, physical abuse, and traffic accidents altogether? According to WHO
Review the correctional goals and prison privatization : Review the video titled: "Correctional Goals and Prison Privatization" found in the the module's Learn section.
Prepare in good form the multistep income statement : Prepare in good form the Multistep Income Statement; the Statement of Changes in Retained Earnings; and a classified Balance Sheet for Pembroke Company
Discuss the company along with situation : where a U.S-based company has been accused of legal and ethical issues related to deceptive marketing and Covid-19. Please discus the company along with
What is promissory estoppel : Alden tried to argue that the promise should be enforced due to promissory estoppel. According to the book, what is promissory estoppel.
Prepare the journal entries to record income taxes for 2023 : Calculate the balance in the Deferred Tax Asset or Liability account at December 31, 2023 and Prepare the journal entries to record income taxes for 2023
How can analysts be expected to perform this task : What are your thoughts on this? How can analysts be expected to perform this task, but are there better options?
Definition of obscenity decided in miller v california : What would you change, if possible, in the Miller Test, i.e., in the definition of obscenity decided in Miller v. California?
Discuss the need for transformational or collaborative : Discuss the need for transformational or collaborative leadership in the next five years as the health care environment transforms as a result of industry

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd