Promissory Estoppel Essay

Custom Student Mr. Teacher ENG 1001-04 3 April 2016

Promissory Estoppel

Sometimes an agreement without consideration will be enforced. This happens when a promise which foreseeably induces promisee to act or forebear becomes binding because injustice can only be avoided by enforcement of the promise.

Promise
A promise is an assurance, in whatever form or expression that a thing will or will not be done.

Actual Reliance
The promisee must actually and justifiably rely on the promise by the other.
Detriment
Promisee must have relied on the promise to his detriment.

Foreseeable Reliance
The promisee’s reliance must be reasonably foreseeable to promisor.

Injustice Cannot be Avoided
In deciding if injustice can be avoided courts will consider:

1.Availability and adequacy of other remedies, particularly restitution or cancellation.
2.The definite and substantial character of the action or forbearance in relation to remedy sought.
3.Extent to which the action or forbearance corroborates evidence of the making and terms of the promise.
4.Reasonableness of action or forbearance.
5.Extent to which the action or forbearance was foreseeable by promisor.

Free Promissory Estoppel Essay Sample

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  • University/College: University of California

  • Type of paper: Thesis/Dissertation Chapter

  • Date: 3 April 2016

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