promissory estoppel

Definition of "promissory estoppel"
  1. A legal principle that stops a person from breaking a promise when another party has reasonably depended on that promise and will experience a loss if it is not fulfilled
How to use "promissory estoppel" in a sentence
  1. The construction company was held to their verbal agreement about the exact location of the building through promissory estoppel.
  2. Under promissory estoppel, the restaurant owner was legally bound to honor his promise to rent the parking lot to the valet company.
  3. Her promise of extra vacation days, upon which the employees had based their plans, was legally enforced by the doctrine of promissory estoppel.

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