I’m working on a law case study and need a sample draft to help me learn.
A Question of EthicsPromissory Estoppel.
Claudia Aceves borrowed $845,000 from U.S. Bank to buy a home. Less than two years into the loan, she could no longer afford the monthly payments. The bank notified her that it planned to foreclose on her home. (Foreclosure is a process that allows a lender to repossess and sell the property that secures a loan.) The bank offered to modify Acevess mortgage if she would forgo bankruptcy. In reliance on the banks promise, she agreed. Once she withdrew the filing, however, the bank foreclosed and began eviction proceedings. Aceves filed a suit against the bank for promissory estoppel.
[ Aceves v. U.S. Bank, N.A., 192 Cal.App.4th 218, 120 Cal.Rptr.3d 507 (2011)] (See Promissory Estoppel.)
Please review the case Facts, Analysis, Law and Resolution. Write the summary and then answer the questions supporting your answers.
- Could Aceves succeed in her claim of promissory estoppel? Why or why not?
- Did Aceves or U.S. Bank behave unethically? Discuss.
Please write the summary using the template
The background story: what happened in the real world to cause the parties to go to court to resolve their dispute.
References to relevant legal principles, precedent, statutes, the Constitution, or other sources of guidance for determining the outcome of the case.
Weaving together of facts and relevant law, as the judge decides the outcome of the case (holding) and explains the reasoning.
The ruling of the court.