promissory estoppel
- 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
- The construction company was held to their verbal agreement about the exact location of the building through promissory estoppel.
- Under promissory estoppel, the restaurant owner was legally bound to honor his promise to rent the parking lot to the valet company.
- 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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