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PLS Professor Jones promises a student a part-time as a research assistant for the rest...

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Accounting

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PLS Professor Jones promises a student a part-time as a research assistant for the rest of the semester. Professor Jones tells the student that he can start sometime in the near future and the hours, payment, and other details will be worked out then. The student says, "I am so excited! Because of this job, I am going to quit my job at Riley's Restaurant!" A week later, Professor Jones informs the student that he lost funding for the position due to budget cuts. The student is unable to get his job back so he sues Professor Jones. Is there a valid contract? No; and the student has remedy against Professor Jones, Yes; the terms are definite. No; however, the student may have a claim under the promissory estoppel doctrine. Yes; as there is an offer, acceptance, and consideration for this promise

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