Asked by
Caleb Thomas
on Nov 27, 2024Verified
When the doctrine of promissory estoppel is applied, the promisor is estopped, or barred, from performing the promise.
Promissory Estoppel
A doctrine that applies when a promisor makes a clear and definite promise on which the promisee justifiably relies. Such a promise is binding if justice will be better served by the enforcement of the promise.
Promisor
An individual or entity that makes a promise to perform an act or fulfill an obligation as specified in a contract.
- Understand the applications and limitations of the doctrine of promissory estoppel.
Verified Answer
AK
Learning Objectives
- Understand the applications and limitations of the doctrine of promissory estoppel.