Applied Business Law, Promise/Contract

Applied Business Law 2131-3M Individual Work 1A Gerard, an occurrence per take a leaker and coordinator, made a pact to stage a concert for the well-being of Kids wangle, a eleemosynary organization sanctify to helping disadvantaged youth. In reliance on the foreclose emolument, Kids C be shortens for the construction of a residence for unsettled teens. aft(prenominal) the concert, Gerard tells Kids Care that he has decided not to donate the receipts to the organization. Is Gerards hope enforceable patronage the lack of considerateness? Yes. The promise he made created a legal, as easily as a moral, obligation making his promise enforceable despite the lack of consideration. Kids Care relied on the promise from Gerard, and much(prenominal) reliance did form a basis for contract rights and duties. A doctrine of promissory estoppel would have to be applied so that the promisor, Gerard, is estopped from revoking the promise. A promissory esto ppel serves as a concideration substitute in contract equity that renders certain promises otherwise lacking in consideration screening and enforceable. (http://www.lawnix.com/cases/promissory-estoppel.html, 2011). For the doctrine of promissory estoppel to be applied, a number of elements are required: 1. There must be a promise.

- The promise was made from Gerard, promising stage a concert for the benefit of Kids Care. 2. The promisee must unslopedifiably rely on the promise.- Kids Care, the promisee, can verbalise they justifiably relied on the promise with the conclusion of a contract for construction of a residence for homeless teens. 3. The reliance ordinar ily must be of a meaty and definite charact! er. - Gerard is of tangible and definite character. He is an event promoter and coordinator, not just some guy off the street. 4. arbitrator will be part served by the enforcement of the promise. - It is for a charitable organization, and it would be waiver towards building a residence for homeless teens, which would be better served by...If you want to get a encompassing essay, order it on our website: OrderEssay.net

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