The promise which is enforceable by law is known as promissory estoppel. If the promise is broken which is made earlier to a party then the other party can claim promissory estoppel. It is also known as Equitable Estoppel.
An example of promissory estoppel is where one party promises other parties that they would not enforce their legal rights and other party acted and relied on it without giving any consideration, equity would not allow the first party to go back on the promise to the other party.
The Delaware Harness Racing Commission (Commission) hired Donald Harmon to
Sears, Roebuck and Co. promised to give Forrer permanent employment
R.J. Reynolds Tobacco Company (RJR) operated a
What is required to prove promissory estoppel when consideration is missing?
Joseph Toscano was the general manager of Fields Pianos (Fields)
