Consideration and Promissory Estoppel Notes - Free Essay.
Promissory Estoppel Further Explained. Promissory estoppel is a formal legal principle. By law, a promise that was made becomes enforceable, even when it's made without any formal considerations. In essence, when someone makes a commitment to someone who goes on to rely on that promise, only to experience some sort of detriment, promissory.
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Promissory estoppel differs from common jurisprudence estoppel because it has less rigorous demands and it may originate from promise of future behavior or purpose. Promissory estoppel is traceable toHughes V. Metropolitan Railway( 1877 ) 2 App Case 439. Here the landlord gave his tenant 6 months to mend the belongings else hazard forfeiture.
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The Last Promissory Estoppel Article. Cover Page Footnote. This essay is dedicated to the memory of Edward Yorio, late Professor of Law at Fordham University School of Law and noted contracts scholar. In the preface to his treatise, Contract Enforcement: Specific.
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Concept of Promissory Estoppel 1041 Words 4 Pages Promissory Estoppel Promissory Estoppel The legal doctrine known as promissory estoppel describes the process whereby a party to an agreement or contract is barred from revisiting a part of the agreement that is already settled, whether it be part of an original agreement or after the fact.
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Proprietary Estoppel Case In the world of Land law proprietary estoppel has changed a lot over the years in relation to proving and asserting a claimants equitable rights. Proprietary estoppel is only one area under equable estoppel leaving promissory estoppel to be the other.
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How Does Equity Fulfil the Common Law Essay. constant ebb and flow between compatibility and competition with the common law. More recent developments in equity include, for example, the recognition of restrictive covenants, the expansion of remedies, the development of doctrines such as proprietary estoppel, the enhanced status of contractual licences, and the new model constructive trust.
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This test for clarity of assurance was that required in promissory estoppel, and may have been adopted here due to the conflation of the two forms of estoppel by Lord Scott in Cobbe. The parties in Thorner were “taciturn and undemonstrative men” and the assurances mainly consisted of “oblique remarks” and therefore it was held that these assurances lacked the requisite certainty.