Promissory Estoppel Overview

The doctrine of promissory estoppel states that if a promise is made and the promisee relies on that promise, the promisor cannot renege.

The two views are the Expectation view and the Reliance view.

Recovery might be limited to restitution or damages based on the promisee's reliance, rather than the terms of the promise.

<p>Implied consideration refers to obligations that are assumed by parties based on their actions, even if not explicitly stated.</p> Signup and view all the answers

<p>The promisor must foresee what the promisee would rely on, and the promisee's reliance must be reasonable.</p> Signup and view all the answers

<p>Courts may limit damages to the reliance measure of damages in promissory estoppel cases.</p> Signup and view all the answers