Detrimental Reliance Laws – What You Need to Know
Detrimental reliance (promissory estoppel) can let courts enforce a promise without a contract when 4 elements are met: a clear promise, reasonable reliance, foreseeable reliance, and resulting damages. It protects people who change position based on another’s word and suffer loss when the promise is broken. This article explains the elements, proof, defenses, and real-world […]
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