Reilley wants to open a McHenry Roast Chicken franchise in her hometown of Manchester. Arden, a representative of McHenry, told Reilley, "If you will buy a lot and build a building in River City, we will give you a franchise." Reilley bought the lot and built the building as instructed, only to discover that McHenry had awarded the franchise to someone else. McHenry claims no liability to Reilley
since there was no consideration. Which statement is most accurate?
A) McHenry is not liable to Reilley since there is no consideration.
B) McHenry is not liable to Reilley since there is past consideration.
C) McHenry is liable to Reilley since adequate consideration is given by both parties.
D) McHenry is liable to Reilley based on the concept of promissory estoppel.
D
You might also like to view...
Department stores such as Kohl's and Macy's are interested in learning how much their competitors are charging for similar merchandise. Which of the following practices might these retailers utilize to identify competitors' prices?
A. Employing comparative shoppers who systematically collect data on prices at competing stores B. Stealing price lists from a display at a trade show C. Hiring sales representatives from competitors' companies and asking them to share price information D. Pretending to be a buyer and soliciting pricing information from the competitor
A fraudulent Web site masquerading as a legitimate Web site is called:
A) sniffing. B) spoofing. C) cracking. D) charading.
A(n) _______ enables a database administrator to describe schema components
a. extensible markup language (XML) b. data definition language (DDL) c. unified modeling language (UML) d. query language
Overall reduction in material usage and disposal can be accomplished through engineering design changes and reuse and recycle programs
a. True b. False Indicate whether the statement is true or false