Consideration Substitutes

Question 1

Other Theories of Promissory Liability (Consideration Subs)

Answer 1

1. Promissory Estoppel/Reliance
2. Quasi-Contract
3. Moral Obligation plus Subsequent Promise
4. Seal

Question 2

3 Elements for a claim using reliance as consideration

Answer 2

1. Promise was made that was reasonably expected to induce reliance
2. Promisee does in fact take detrimental action in reliance on the promise
3. Injustice can be avoided only by enforcement of the promise

Question 3

There is an exception to showing detrimental reliance for WHAT kind of business?

Answer 3

Charities, when collecting on a charitable gift promise

Question 4

3 elements for Quasi Contracts

Answer 4

1. Plaintiff confers a measurable benefit on the defendant
2. Plaintiff reasonably expected to get paid
3. It would be unfair to let D keep the benefit without paying

(look for an opportunity to decline or good reason why there was no opportunity to decline)