Promissory estoppel Flashcards
1
Q
What is promissory estoppel?
A
Where a party is prevented from relying on their strict legal rights where it is unconscionable for them to do so because they have made a promise.
2
Q
What are the three cases?
A
Hughes - developed
High Trees - clarified
Combe - limited
3
Q
Promissory estoppel is suspensory in nature from which case?
A
Tool Manufacturing Co.
4
Q
What are the three requirements for promissory estoppel?
A
- A promisor states that he does not intend to rely on his strict legal rights;
- He intends the other party to act in reliance on the promise;
- The other party acts in reliance on the promise.
5
Q
What did Woodhouse state?
A
The promise must be clear and unequivocal.
