Can a promise be enforceable without consideration?

Can a promise be enforceable without consideration? Promissory estoppel: Under the “promissory estoppel” doctrine, a promise will be enforceable without consideration if: (1) the promisee acts or forbears in reliance on the promise and (2) this action or forbearance was reasonably foreseeable by the promisor. Under what conditions is there no consideration? Under what situations […]

When was the NRA New Deal created?

When was the NRA New Deal created? Following the enactment of the the National Industrial Recovery Act (NIRA), the National Recovery Administration (NRA) was established on June 16, 1933 in an effort by President Franklin D. Roosevelt to assist the nation’s economic recovery during the Great Depression. Why did the National Recovery Act fail? Why […]

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