Class 6 - Promissory Estoppel Flashcards
1
Q
Can you bring PE as a COA for reliance in pre-contracting phase
A
Yes, Red Owl Stores.
2
Q
Who relies on who during pre contracting?
A
Look at bargaining position?
3
Q
What if party explicitly intends to not be bound?
A
Can escape the contract, but not PE. PE is based on reliance, not contract.
4
Q
United States Steel Corp
A
Some questions to ask:
Was the promise a mere reassurance?
Who did the promising?
Was it reasonable to rely on the promise?
