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Is there a difference between estoppel and promissory estoppel?
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What does a promissory estoppel do?
Promissory estoppel is when a person makes a false statement to another and the listener relies on what was told to him/her in good faith and to his/her disadvantage.
The doctrine of promissory estoppel requires a clear and definite promise?
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Difference between bill of exchange and promissory note?
difference between bill of exchange and promissory note?
The circumstances where an offer cannot be withdrawn under promissory estoppel is also known as?
Detrimental reliance (promissory estoppel), 181, 188 Cheeseman (2010) stated, "EQUITY: PROMISSORY ESTOPPEL The doctrine of promissory estoppel, or equitable estoppel, is another equitable exception to the strict application of the Statute of Frauds. The version of promissory estoppel in the Restatement (Second) of Contracts provides that if parties enter into an oral contract that should be in writing under the Statute of Frauds, the oral promise is enforceable against the promisor if three conditions are met: (1) The promise induces action or forbearance of action by another, (2) the reliance on the oral promise was foreseeable, and (3) injustice can be avoided only by enforcing the oral promise.Where this doctrine applies, the promisor is estopped ( prevented ) from raising the Statute of Frauds as a defense to the enforcement of the oral contract." (p.226)
What is the difference concepts between fraudulent misrepresentation and promissory estoppell?
Promissory estoppel is enforcement of a promise even where there is no binding contract. What you must prove for promissory estoppel vairous from state ot state, but usually includes (1) A clear and unambiguous promise; (2) Reasonable reliance upon the promise; and (3) Detriment to the promisee, caused by his or her reliance on the promise, and (4) it would be inequitable, i.e., unfair, not to enforce the promise. Fraud requires the additional proof that the promisor never intended to perform when s/he made the promise. Since fraud requires the same elements PLUS this adiditonal element, it would seem that a fraud claim to enforce a promise would never succeed if a promissory estoppel does not. However, you can use fraud to get damages for a misprepresented fact that is not a promise. A fact might mean a statement that certian facts exist. This type of fraud requires you to prove that a defendant made a false statement of fact, intending you to rely on it - or ought to have expected that you would rely on it - and you reasonably relied ot your detriment. (F
What is the difference between quasi-contracts and implied-in-fact contracts?
A quasi-contract is not actually a contract but is instead a remedy. Also known as an implied-in-law contract, it is recognized in order to do justice under contract law, such as wherein the doctrine of promissory estoppel is applied.An implied-in-fact contract is a contract deemed to exist between parties whose conduct tacitly recognizes the existence of a contract between them.
What is the difference between a Secured Promissory Note and a Promissory Note?
A secured promissory note has collateral attached - usually an item/items of value or a deposit. If the note is not fulfilled, the creditor can seize the collateral as payment. An unsecured note has no collateral attached.
I have a complaint along with 100 to 150 people who have a promissory estoppel upon hiring.?
You can file a class action, find an attorney here http://www.lawinfo.com/attorney/Class-Action/
Insturctions on filling out straight note secured by deed of trust?
What is the difference between a straight note and a promissory note:
Is a handwritten promissory note legal in the state of Maryland?
Yes, a handwritten promissory note is legal in the state of Maryland as long as it meets certain requirements such as being signed by the borrower, containing the terms of repayment, and being specific about the amount borrowed. It is recommended to consult with a legal professional to ensure the note is legally enforceable.
What is the difference between a Promissory Note and a Loan?
A loan is a sum of money which is borrowed on the condition that it will be paid back.A promissory note is a written promise to pay the loan that sets forth the terms of the loan and is signed by both parties.
Difference between a bond and a promissory note?
The major difference between a bond and a promissory note is that a bond has longer maturity terms. Also, a bond is released in a stamped, certified and official series. A promissory note is made on an individual basis and specifies the terms of the loan including interest and maturity date.Second, bonds are released in an official, stamped and certified series, each bond being for a similar amount and on similar terms, while promissory notes are made on an individual basisRead more : http://www.ehow.com/about_6516863_comparison-bond-vs_-promissory.html
