Trains For A Legally Valid Term Paper

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Promissory estopple is an alternative to consideration as a basis for enforcing a promise. It is also sometimes referred to as detrimental reliance, in other words that the second party has experienced a loss because of the implied promise of the first party. But this promise must be: "a promise which the promisor should reasonably expect to induce action or forbearance of a definite and substantial character on the part of the promisee and which does induce such action or forbearance in binding if injustice cab be avoided only by enforcement of the promise." ("Promissory estoppel," 2006, Lawzilla) in this case, the promise was...

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Electric Law Library. Retrieved 22 Sept 2006 at http://www.lectlaw.com/files/bul03.htm
Promissory Estoppel. (2006). Lawzilla. Retrieved 22 Sept 2006 at http://encyclopedia.lawzilla.com/Promissory_estoppel.shtml#Promissory_Estoppel

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Works Cited

Contract Basics" (2006). Electric Law Library. Retrieved 22 Sept 2006 at http://www.lectlaw.com/files/bul03.htm

Promissory Estoppel. (2006). Lawzilla. Retrieved 22 Sept 2006 at http://encyclopedia.lawzilla.com/Promissory_estoppel.shtml#Promissory_Estoppel


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