What is equitable estopppel?

Answer 1

Equitable estoppel is a legal principle that prevents a party from taking a position that contradicts their previous conduct, statements, or representations when it would be unjust to allow such a change. It is often invoked to protect a party who has reasonably relied on the other party's actions or assurances to their detriment. This doctrine aims to promote fairness and prevent harm that could arise from inconsistent behaviors in legal or contractual relationships. Essentially, it ensures that parties cannot backtrack on their commitments if it would mislead others.