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 […]

What are benefits of a product?

What are benefits of a product? Product benefits are the things a product offers to satisfy the needs, desires and wants of a consumer. They are what a consumer hopes to get, feel or achieve when he/she uses a product. Product benefits can either be actual or perceived. Perceived benefits include the products popularity, its […]

Why was the Antarctic Ocean renamed?

Why was the Antarctic Ocean renamed? For some time, those in geographic circles have debated whether there are four or five oceans on Earth. Now, those that side with the number five can add the fifth new ocean and call it the Southern Ocean or the Antarctic Ocean, thanks to the International Hydrographic Organization (IHO). […]

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top