Promissory Estoppel Flashcards
1
Q
Promissory Estoppel
A
i. There is NO CONTRACT
ii. One party makes a statement or promise
iii. That statement or promise causes a party rely to their detriment
- Because that party relied to their detriment, the statement/promise is now enforceable
- Detrimental Reliance: you reacted because of what was said
