Promissory Estoppel

An event shoplifter named Gerard presaged to pose a plan for the fix of Kids C be, which is planning to build a homeless shelter for teenagers that frittert have a place to live. After the design is over, Gerard tells Kids Care that he took pole his word and does not requirement to donate the receipts to the governing anymore. Unfortunately for Gerard, his promise is enforceable under the belief of promissory Estoppel, despite the lack of contemplation. The philosophical system of promissory estoppel prevents unmatched society from withdrawing a promise do to a second political party if the latter has pretty relied on the promise. (Wikipedia, 2012). In general, the elements of Promissory Estoppel are: 1. A promise jolly expected by the promissory to induce work on or forbearance, 2. action or forbearance by the promisee in justifiable reliance on the promise, such as deleterious reliance, and 3. inequity empennage be avoided only through enforcement of the promise (TexLawyer, 2011). Estoppel cant be used as the creation of an action on its give birth or extinguish rights. It is an candid excogitation and its application is discretionary.

When one party agrees to accept a lesser sum in across-the-board retribution of a debt, the debtor has given no consideration, and so the creditor is entitled to rent the debt in its entirety, unless the debtor offers remuneration at an earlier period than was antecedently agreed, because the benefit to the creditor of receiving payment early can be mind of as consideration for the promise to waive the recline of the debt (Wikipedia, 2012). References TexLawyer. (2011, November 6). Gerard, an events promoter and coordinator, promises to stage. Retrieved from http://www.justanswer.com/law/5sevs-gerard-events-promoter-coordinator-promises-stage.html Wikipedia. (2012, April 1). Estoppel. Retrieved from http://en.wikipedia.org/wiki/Promissory_Estoppel#Promissory_estoppelIf you lack to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper