Estoppel In Contract Law Section
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How to fill out Estoppel Affidavit Of Mortgagor?
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FAQ
Promissory Estoppel 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.
Elements Some form of legal relationship existed between the parties. ... A promise, undertaking or assurance was made that one party will not strictly rely on its legal rights; The party to whom the promise was made relied upon it.
The customer purchases the clothes and takes them home. However, the customer proposes to return the clothes to the vendor relying on the vendor oral promise. Here, the vendor is estopped from refusing the clothes returned.
The first element of promissory estoppel is that the promise made to the promisee was significant enough and that a reasonable person would ordinarily rely on it. The second element is that the promisee must have acted on the promise made by the promisor, even though it was not supported by consideration.
Estoppel is part of common law. It is a legal principle that prevents someone from going back on their word to someone else and unfairly causing damage to someone else. If legal action is taken, the court can stop (or estop) an individual from rescinding a promise made to another party.