Promissory Estoppel and Detrimental Reliance
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Exception to the rule of consideration: occurs when 3 conditions are met:
1. One party makes a promise knowing that other party will reasonably rely on it 2. The other party doesn't reasonably rely on it 3. Only way to avoid injustice is to enforce the promise
Detrimental reliance
term used to force another to perform their obligations under a contract
Promissory reliance
the legal enforcement of an otherwise unenforceable contract due to one party's detrimental reliance on the contract
Promissory estoppel and contracts under seal are...
the two exceptions to the common law requiring consideration
