Promissory estoppel Flashcards
1
Q
How did promissory estoppel come about?
A
The potential harshness of the common law rule in Pinnel’s case led to it’s development
2
Q
How does promissory estoppel work?
A
Can provide a means of making a promise binding without consideration
3
Q
Conditions for promissory estoppel
A
- Promise to waive a legal right
- Promisee must act in reliance on promise
- Must be used as a defence, not a cause of action
- Must be inequitable for promisor to go back on promise
