promissory estoppel

promissory estoppel
A new name for an established doctrine. The principle that an estoppel may arise from the making of a promise, even though without consideration, if it was intended that the promise should be relied upon and in fact it was relied upon, and if a refusal to enforce it would be virtually to sanction the perpetration of fraud or would result in other injustice. 28 Am J2d Estop § 48. A promise which the promisor should reasonably expect to induce action or forbearance of a definite and substantial character on the part of the promisee and which does induce such action or forbearance is binding if injustice can be avoided only by the enforcement of the promise. Fried v Fisher, 328 Pa 497, 196 A 39, 115 ALR 147.

Ballentine's law dictionary. . 1998.

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  • promissory estoppel — see estoppel 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. promissory estoppel …   Law dictionary

  • Promissory Estoppel — The legal principle that a promise is enforceable by law when the promisor (person making the promise) makes a promise to the promisee (person being promised) who relies on it to his or her detriment. A promissory estoppel is intended to stop the …   Investment dictionary

  • Estoppel — in its broadest sense is a legal term referring to a series of legal and equitable doctrines that preclude a person from denying or asserting anything to the contrary of that which has, in contemplation of law, been established as the truth,… …   Wikipedia

  • Estoppel (English law) — Estoppel is a legal doctrine that may be used in certain situations to prevent a person from relying upon certain rights, or upon a set of facts (eg. words said or actions performed) which is different from an earlier set of facts. Estoppel could …   Wikipedia

  • estoppel — es·top·pel /e stä pəl/ n [probably from Middle French estoupail plug, stopper, from estouper to stop up see estop] 1: a bar to the use of contradictory words or acts in asserting a claim or right against another; esp: equitable estoppel in this… …   Law dictionary

  • promissory — prom·is·so·ry / prä mə ˌsōr ē/ adj: containing or conveying a promise or assurance promissory terms Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. promissory …   Law dictionary

  • promissory — /promas(6)riy/ Containing or consisting of a promise; in the nature of a promise; stipulating or engaging for a future act or course of conduct. As to promissory oath promissory representation promissory warranty, see those titles @ promissory… …   Black's law dictionary

  • estoppel — /AstopAl/ Estoppel means that party is prevented by his own acts from claiming a right to detriment of other party who was entitled to rely on such conduct and has acted accordingly. Graham v. Asbury, 112 Ariz. 184, 540 P.2d 656, 658. A principle …   Black's law dictionary

  • estoppel — /AstopAl/ Estoppel means that party is prevented by his own acts from claiming a right to detriment of other party who was entitled to rely on such conduct and has acted accordingly. Graham v. Asbury, 112 Ariz. 184, 540 P.2d 656, 658. A principle …   Black's law dictionary

  • estoppel — A bar which stoppeth a person or closes up his mouth to allege or plead what actually may be the truth. 2 Coke, Littleton 352a. A bar which precludes a person from denying or asserting anything to the contrary of that which has, in contemplation… …   Ballentine's law dictionary

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