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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 is a doctrine in contract law which enforces a promise whether executed as a contract or not. The doctrine seeks to protect the rights of a promisee or aggrieved party against the promisor.
In sum, the doctrine of promissory estoppel states that an injured party can recover damages if those damages were the result of a promise made by a promisor and the promise was significant enough to move the promisee to act on it.
?Good faith is the faithfulness of an agreed purpose between two parties, a purpose which is consistent with justified expectations of the other party. The breach of good faith is bad faith characterized by some conduct which violates standards of decency, fairness or reasonableness.? Cenac v. Murry, 609 So.