Detrimental reliance as a substitute for consideration requires:

A A formal written contract

B A clear promise, foreseeable reliance, actual reliance, and injustice absent enforcement

C Payment of money

D Both parties to be merchants

✓ Correct Answer: Option B

Promissory estoppel/detrimental reliance: (1) clear promise, (2) promisor should expect reliance, (3) actual reliance, (4) injustice can only be avoided by enforcement.

💡 Why is B) the correct answer?

The correct answer to the question "Detrimental reliance as a substitute for consideration requires:" is Option B: A clear promise, foreseeable reliance, actual reliance, and injustice absent enforcement.

The other options — A) A formal written contract, C) Payment of money, D) Both parties to be merchants — are incorrect for this BAR Exam Prep question. As explained above: Promissory estoppel/detrimental reliance: (1) clear promise, (2) promisor should expect reliance, (3) actual reliance, (4) injustice can only be avoided by enforcement.

📚 About This BAR Exam Prep Practice Question

This 3-level BAR Exam Prep question from the Contracts topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free BAR Exam Prep practice test or use flashcards for spaced repetition review.

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Detrimental reliance as a substitute for consideration requires:

✓ Correct Answer: Option B

📚 About This BAR Exam Prep Practice Question

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