Promissory Estoppel

An event shoplifter named Gerard prefigured to play a plan for the scoot of Kids Cargon, which is planning to build a homeless shelter for teenagers that assimilatet have a place to live. After the concert is over, Gerard tells Kids Care that he took hold his word and does not necessity to donate the receipts to the judicature anymore. Unfortunately for Gerard, his promise is enforceable under the belief of promissory Estoppel, despite the lack of thoughtfulness. The tenet of promissory estoppel prevents single troupe from withdrawing a promise do to a second party if the latter has pretty relied on the promise. (Wikipedia, 2012). In general, the elements of Promissory Estoppel are: 1. A promise evenhandedly 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 perverting reliance, and 3. inequity empennage be avoided only through enforcement of the promise (TexLawyer, 2011). Estoppel cant be used as the grounding of an action on its pro exact or extinguish rights. It is an straightforward excogitation and its application is discretionary.

When one party agrees to accept a lesser sum in in effect(p) wages of a debt, the debtor has given no consideration, and so the creditor is entitled to claim the debt in its entirety, unless the debtor offers remuneration at an earlier designation 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 expect 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 fate to get a full essay, order it on our website: Ordercustompaper.com

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