Reverend Ike was employed at the Church of God\'s Grace for 40 years. On his ret
ID: 444010 • Letter: R
Question
Reverend Ike was employed at the Church of God's Grace for 40 years. On his retirement, there was no adequate pension plan. Two months after his retirement, Wealthy Parishioner, aware of the reverend's inadequate pension, promised to pay him $1,500 for life for his "faithful and able ministrations rendered to the flock and his many kindnesses." Reverend Ike, deeply grateful and gratified by this promise, joyfully contracted to purchase a home in a retirement village, which the reverend would not otherwise have been able to afford. Wealthy Parishioner, however, perhaps sinfully, changes his mind and fails to make any payments to Reverend Ike. Consequently Reverend Ike brings a lawsuit to enforce the promise. What is the best answer regarding the resolution of the lawsuit?
Wealthy Parishioner wins since modification of a contract requires new consideration.
Wealthy Parishioner wins due to the bargained-for-exchange rule of consideration law.
Reverend Ike wins due to the Promissory Estoppel exception to the consideration doctrine.
Reverend Ike wins since the First Amendment to the Bill of Rights provides for freedom of religion.
A.Wealthy Parishioner wins since modification of a contract requires new consideration.
B.Wealthy Parishioner wins due to the bargained-for-exchange rule of consideration law.
C.Reverend Ike wins due to the Promissory Estoppel exception to the consideration doctrine.
D.Reverend Ike wins since the First Amendment to the Bill of Rights provides for freedom of religion.
Explanation / Answer
C. Reverend Ike wins due to the Promissory Estoppel exception to the consideration doctrine
'Promissory Estoppel' refers “The legal principle that a promise is enforceable by law when the promisor (person making the promise) makes a promise to the promisee (person being promised) who relies on it to his or her detriment
C. Reverend Ike wins due to the Promissory Estoppel exception to the consideration doctrine
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