Essays Tagged: "Estoppel"
Legal Issues in Accounting-- duty of good faith
favor the acceptance of a duty not to negotiate in bad faith. Further, the application of equitable estoppel in appropriate situations would appear to be an appropriate mechanism for the basis of deve ... jority of decision in 'Waltons v Maher (1988) by the High Court was based on the modern doctrine of estoppel.As the Court of Appeal pointed out, estoppel requires a promise to have been made by the pe ...
Subjects: Businesss Research Papers
The element of consideration in forming a valid contract has been subject to great discussion and debate as to its real significance and its role played in the law of contracts.
even though it may not be in the same ratio as to what the promisee receives in exchange.Promissory EstoppelHowever, as recently as 1988, the case of Waltons v Maher, the High Court of Australia ruled ... he existence of a binding agreement. The rationale used by the court was the doctrine of promissory estoppel. This doctrine of promissory estoppel is based on the on the view that the law should not p ...
Subjects: Law & Government Essays
Collect Sports Paper
son that the oral contract is unenforceable under the Statute of Frauds. The doctrine of promissory estoppel may then be pled to overcome such a defense. An oral promise whose enforcement in an action ... Frauds may nevertheless be enforced in a separate cause of action under the doctrine of promissory estoppel. Under the doctrine of promissory estoppel, a party who has relied to his detriment upon an ...
Subjects: Law & Government Essays > Law
The Theory of Promissory Estoppel.
EXECUTIVE THEORY.The theory of promissory estoppel can be profoundly complex. The numerous cases that govern theory of promissory estoppel con ... sory estoppel contain intricate provisions and employ a unique vocabulary. Yet theory of promissory estoppel must often be decided by juries of different countries, who probably have difference in the ... y have difference in their common law and civil law . Like other complex term, theory of promissory estoppel sometimes presents juries with issues they may not be equipped to handle.This article obser ...
Subjects: Law & Government Essays > Law
Doctrine of Promissory Estoppel.
To begin with, the case as regards Richard and Ernie is related to the Doctrine of Promissory Estoppel, which is derived from Equity. According to this doctrine, if one party to the contract (pr ... ndon Property Trust Ltd v High Trees House Ltd [1947] KB 130, from which the Doctrine of Promissory Estoppel originated. The Court held that part of money as requested by the plaintiff, could be recov ...
Subjects: Law & Government Essays
Explain the rule known as "The Rule in Pinnel's Case" and how it impacted upon the doctrine of consideration
ere developed to circumvent the rule and in detail the most important exception of them; Promissory estoppel and how it solved the problem's arising from the Rule. The distinction between traditional ... problem's arising from the Rule. The distinction between traditional estoppel and this new type of estoppel 'Promissory Estoppel' are also examined and how Promissory estoppel has been accepted in Au ...
Subjects: Law & Government Essays > Law > Cases
Pinnel's case and promissory estoppel
is a dictum. However, it had been used for 200 to 300 years until Dening J developed the promissory estoppel.Next, it is also criticized as it illegally extended the doctrine of consideration from cre ... ped. It assisted the promisee and minimized the disadvantages that they might encounter. Promissory estoppel is one of the exceptions.The doctrine of consideration was impacted by "The Rule In Pinnel ...
Subjects: Law & Government Essays > Law > Cases
Discuess about Pimmel's Law and how this problem involved in consideration.
ction have intervened to provide the promise with a remedy in certain circumstances. This is called estoppel is that the courts will stop a person from denying something he promised. Thus, ○2"co ... is that the courts will stop a person from denying something he promised. Thus, ○2"common law estoppel is used in appropriate circumstances to prevent a person from denying an assumption of fact ...
Subjects: Law & Government Essays > Law
Grocery, Inc. Paper BUS/415
Tom to sell his trains, he sold them to someone else. This prompted Harry to sue Tom for promissory estoppel.Promissory estoppel is defined as an equitable doctrine that prevents the withdrawal of a p ... inue with his renovations. Based on this information Harry could sue Tom on the bases of promissory estoppel.For the doctrine of promissory estoppel to be applied, the following elements must be shown ...
Subjects: Businesss Research Papers > Marketing
Business Law Final Exam
on were partners, George-Boy is liable for the debt. The relevant legal principle is partnership by estoppel. Under this legal doctrine, a person can be liable as a partner even though no such partner ... the wholesaler is clear, thus fulfilling another required element of the doctrine of partnership by estoppel. As such, George-Boy will be estopped from claiming that there was no partnership and will ...
Subjects: Law & Government Essays
Grocery, Inc. Paper
led him to believe that he would sale the trains to him under a certain doctrine called promissory estoppel Harry should be able to win in a lawsuit against Tom at least for the money spent to prepar ... omise and harry would be able to purchase them since he was promised. Under the Doctrine Promissory Estoppel as stated in The Free Dictionary by Farlex means when a person makes a false statement to a ...
Subjects: Businesss Research Papers
Grocery Store Inc. Paper
ure the legal system. Each situation has different contacts like: Click-Wrap Agreements, Promissory Estoppel, the Doctrine of Commercial Impracticability, and the Infancy Doctrine that will need to be ... se just for housing these trains he was promised, [Passive voice] decided to sue Tom for Promissory Estoppel (Legal Information, 2009).Due to a law called Promissory Estoppel, a contract law that stat ...
Subjects: Law & Government Essays > Law
LEGT1710
establishment of a new contract will be looked into. Secondly, it will be determined if promissory estoppel can be applied in this situation. Finally, if the continuation of the original contract can ... the remaining balance as it would be inequitable to do so�. This is also known as promissory estoppel.Promissory estoppelThe essence of promissory estoppel is so that the promisor (M) is prohib ...
Subjects: Businesss Research Papers > Case Studies
Biz law project
Payment.Can anyone tell me which is it?(stop the class once it finish the definition of promissory estoppel)Slide 18:Yes that is correct. For MUS to have a good claim, it can use Promissory Estoppel. ... can use Promissory Estoppel. This essentially estoppes UOME from going back on its initial promise.Estoppel - a bar or impediment preventing a party from asserting a fact or a claim inconsistent with ...
Subjects: Businesss Research Papers
business law
Subjects: Law & Government Essays