Promissory Estoppel. Flashcards
1
Q
What is the aim of the guidelines?
A
To mitigate the harshness of the common law rules on part-payment of debt.
2
Q
What is the first guideline?
A
Clear and unequivocal - promissor will only lose ability to enforce a right if it is clear they promised to give it up.
3
Q
What is the second guideline?
A
Promisee has altered his position - acted in a way that would make it inequitable for the promissor to break the promise.
4
Q
What is the third guideline?
A
Inequitable to resile - D&C Builders v Rees (knew builders had no choice).
5
Q
What is the fourth guideline?
A
Only suspensory - only temporary. CLPT v High Trees.
6
Q
What is the fifth guideline?
A
Cannot be used as a cause of action - only a defence. Combe v Combe.
