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Promissory Estoppel Under the doctrine of Promissory Estoppel a promise is binding if (1) in making the promise the promisor should reasonably expect to induce substantial action or forbearance on the part of the promisee (2) the promise does in fact induce foreseeable action or forbearance by

Promissory Estoppel Rule

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promissory estoppel explained

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Promissory Estoppel

Under the doctrine of Promissory Estoppel a promise is binding if (1) in making the promise the promisor should reasonably expect to induce substantial action or forbearance on the part of the promisee (2) the promise does in fact induce foreseeable action or forbearance by the promisee; and (3) injustice can be avoided only by enforcement of the promise