promissory estoppel

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Английский Язык - Английский Язык
A promise which estops or legally prevents the promisee from asserting or taking certain action
A type of estoppel that prevents a person who made a promise from reneging when someone else has reasonably relied on the promise and will suffer a loss if the promise is broken For example, Forrest tells Antonio to go ahead and buy a boat without a motor, because he will sell Antonio an old boat motor at a very reasonable price If Antonio relies on Forrest's promise and buys the motorless boat, Forrest cannot then deny his promise to sell John the motor at the agreed-upon price
A promise which estops the promisee from asserting or taking certain action
A principle whereby someone who relies on a gratuitous promise may be able to enforce it
promissory estoppel
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