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Damages Available for Promissory Estoppel in Florida Usually, in a promissory estoppel case, the court will award the plaintiff reliance damages instead of expectation damages. Expectation damages are those that put the plaintiff in the position they would have been in if the defendant had completed their promise.
An agreement made by promissory estoppel will typically have the same binding effects on parties that a valid contract would. If a party breaches an obligation created by promissory estoppel, a court can choose to assign either reliance damages or expectation damages.
The primary defenses to promissory estoppel in Florida include: Existence of a contract (express or implied) between the parties because promissory estoppel claims cannot go forward if a contract existed. Lack of unequivocal promise.
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.
West's Annotated Code of MarylandCommercial Law (a) The covenant of good faith and fair dealing shall be implied in an operating agreement unless the operating agreement states that a party may perform a duty or obligation in the party's sole discretion.
Any promise needs to be significant, reasonable, and the victim should have suffered losses. Victims can sue an entity based on this law only after meeting those criteria. Specific legislation regarding promissory estoppel in contract law differs significantly between jurisdictions.