📜 BAR Exam Prep

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.

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