Estoppel In Contract
Description
How to fill out Estoppel Affidavit Of Mortgagor?
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FAQ
There are three key ingredients for a legal case involving promissory estoppel: the promisor, the promisee, and promise that was not kept.
Estoppel is an equitable doctrine, a bar that prevents one from asserting a claim or right that contradicts what one has said or done before, or what has been legally established as true. Estoppel may be used as a bar to the re-litigation of issues or as an affirmative defense.
Estoppel is an equitable doctrine, a bar that prevents one from asserting a claim or right that contradicts what one has said or done before, or what has been legally established as true. Estoppel may be used as a bar to the re-litigation of issues or as an affirmative defense.
There are many different types of estoppel. In the context of defending a breach of contract action, the most important involves acquiescence or inaction. That is, a person can be estopped from asserting a right under a contract if they acted in ways inconsistent with that right, through acquiescence or inaction.
Estoppel can be understood by considering examples such as the following: A city entered into a contract with another party. The contract stated that it had been reviewed by the city's counsel and that the contract was proper. Estoppel applied to estop the city from claiming the contract was invalid.