Business Law – 5/14/09
Bellwork: P. 147 What’s Your Verdict? Q&A
Objectives:
- Distinguish situations in which consideration is not needed
- Identify when promissory estopple can be applied
Notebook: 8-3 Notes
Classwork:
- P. 149 1-6 & (7-10 Q&A)
- Lesson 8-3 Review Terms & Questions
1. statute of limitations
2. promissory estoppel
3. Why would a pledge to a charitable organization be enforced when the promisor receives no consideration?
4. Explain why the law recognizes the doctrine of promissory estoppel even when consideration is not present.
5. Describe situations in which consideration is not required.
6. Identify when promissory estoppel applies.
Leave a Reply