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Wendy Cuazitl
on Nov 21, 2024

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Regarding Rishi getting a loan and putting a new roof on the house, which of the following is true?

A) Rishi should have known better, and his actions would be of no use to him in attempting to enforce the contract.
B) The judge would consider his actions under the UCC as exceptions to the parol evidence rule.
C) His actions would likely amount to promissory estoppel, which establishes an exception to the statute of frauds.
D) His actions would be considered as admissions.
E) His actions would be considered only because Alexandra told the judge that she had orally agreed to the contract.

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by all parties involved in order to be enforceable.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party if the latter has reasonably relied on that promise to their detriment.

  • Acquire knowledge about the exemptions from the statute of frauds, encompassing partial fulfillment and admittance.
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YP
Yesenia PatinoNov 23, 2024
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