What are the elements of promissory estoppel

Assignment Help Financial Management

Reference no: EM131304676

What are the elements of promissory estoppel? Provide an example to illustrate them

How is a revocation similar to a counteroffer? Explain both.

A nonbreaching party can sue the breaching party without making efforts to reduce the damages caused by the breach of contract." Discuss this statement and provide an example.

Reference no: EM131304676

Questions Cloud

The risk-adjusted opportunity cost of capital : A project is estimated to have a net present value equal to $85,000. The risk-adjusted opportunity cost of capital is 15 percent. Which of the following statements is most correct? The project’s IRR is greater than 15 percent.

What is the amount of each monthly payment : Katie's Dinor spent $113,800 to refurbish its current facility. The firm borrowed 65 percent of the refurbishment cost at 6.82 percent interest for six years. What is the amount of each monthly payment?

What is present value of these cash inflows at discount rate : Capstone Investments is considering a project that will produce cash inflows of $11,000 at the end of Year 1, $24,000 in Year 2, and $36,000 in Year 3. What is the present value of these cash inflows at a discount rate of 12 percent?

Yield to maturity and yield to cal lwith semiannual payments : Thatcher Corporation's bonds will mature in 11 years. The bonds have a face value of $1,000 and an 9% coupon rate, paid semiannually. The price of the bonds is $1,050. The bonds are callable in 5 years at a call price of $1,050. What is their yield t..

What are the elements of promissory estoppel : What are the elements of promissory estoppel? Provide an example to illustrate them. How is a revocation similar to a counteroffer? Explain both.

Contract to buy an automobile : Mrs. Wilson enters into a contract to buy an automobile for $20,000 from Z Co., a dealer. Mrs. Wilson subsequently backs out of the contract. Z Co. then sells the vehicle to Mr. Thompson for $19,000. Z Co. sues Mrs. Wilson for breach of contract. The..

What is the current value of the annuity : A 4-year annuity of eight $5,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 6 percent compounded monthly, what is the value of this annuity five years from now? If the di..

Calculate accumulated depreciation over six years : Genetic Insights Co. purchases an asset for $15,305. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, r..

Estimate the present value of the cash flows : XKL Co. plans a new project that will generate $ 187,000 of continuous cash flow each year for 8 years and additionally $108,000 at the end of the project. If the continuously compunded rate of interest is 4%, estimate the present value of the cash f..

User Account

All Pages