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Promissory Estoppel Explained, With Requirements & Example - Investopedia
2023年4月30日 · Promissory estoppel is the legal principle that a promise is enforceable by law, even if made without formal consideration when a promisor has made a promise to a promisee who...
Promissory Estoppel - Definition, Examples, Cases, Processes
2017年8月10日 · The promissory estoppel doctrine allows an injured party to recover on a promise upon which he relied, and then suffered a loss as a result. Example of promissory estoppel: Charles is ten years from retirement age, and has worked for the company for 19 years.
promissory estoppel | Wex Legal Dictionary / Encyclopedia | LII / …
Promissory estoppel is a contract law doctrine that allows a plaintiff to recover damages, despite no actual contract, when the defendant made a promise that the plaintiff detrimentally relied upon, and the plaintiff’s reliance on that promise was reasonable.
Promissory Estoppel - Definition, Requirements, Example
What is Promissory Estoppel? Promissory estoppel is a doctrine in contract law that stops a person from going back on a promise even if a legal contract does not exist.
promissory estoppel - Meaning in law and legal documents, …
Promissory estoppel is a legal principle that prevents someone from going back on a promise, even if there is no formal contract. It applies when one person relies on a promise made by another, and it would be unfair to let the first person break that promise.
Promissory Estoppel - Practical Law
The doctrine that a promise made without the exchange of consideration is binding and enforceable if: The defendant made a clear and unambiguous promise. The plaintiff acted in reliance on the defendant's promise. The plaintiff's reliance was reasonable and foreseeable. The plaintiff suffered an injury due to reliance on the defendant's promise.
promissory estoppel | Legal Information Institute
Within contract law, promissory estoppel refers to the doctrine that a party may recover on the basis of a promise made when the party's reliance on that promise was reasonable, and the party attempting to recover detrimentally relied on the promise.
Promissory Estoppel: The Legal Principle That Turns Promises
2024年8月4日 · This overview explains the key elements of promissory estoppel, how it applies in various situations, and what you need to prove a claim. It also covers defenses to promissory estoppel, remedies available, and tips for protecting your rights, whether you’re the …
Promissory Estoppel Explained; With Requirements & Example
Promissory estoppel is a principle that comes into play when one party makes a promise to another, and the latter relies on that promise to their detriment. In such cases, the promisor is “estopped” (prevented) from arguing that an enforceable contract was not in place.
Promissory Estoppel Requirements: Everything You Need to …
2020年11月11日 · Promissory estoppel is a legal principle ensuring that a promise is upheld when the promisee reasonably relies on it to their detriment. The elements of promissory estoppel include a clear promise, reasonable reliance, and resulting injustice if the promise is not enforced.