Correct option is A
The correct answer is
(a) as an exception to the doctrine of consideration. Promissory estoppel is a principle in contract law that prevents a party from going back on a promise, even when there is no consideration if the promisee has relied on the promise to their detriment. It serves as an exception to the rule that a contract must be supported by consideration to be enforceable.
Information Booster:
Promissory Estoppel: This principle ensures that a promisor cannot go back on their promise if the promisee has reasonably relied on it and acted upon it, leading to some detriment. This doctrine is an exception to the traditional requirement of consideration in contract law.
Additional Knowledge:
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Consideration: Consideration refers to something of value exchanged between parties to form a binding contract. Promissory estoppel bypasses this requirement in certain cases.
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Detrimental Reliance: The key element of promissory estoppel is that the promisee must have relied on the promise to their detriment.
