Promissory estoppel

Question 1

What is promissory estoppel?

Answer 1

Where a party is prevented from relying on their strict legal rights where it is unconscionable for them to do so because they have made a promise.

Question 2

What are the three cases?

Answer 2

Hughes - developed
High Trees - clarified
Combe - limited

Question 3

Promissory estoppel is suspensory in nature from which case?

Answer 3

Tool Manufacturing Co.

Question 4

What are the three requirements for promissory estoppel?

Answer 4

1. A promisor states that he does not intend to rely on his strict legal rights;
2. He intends the other party to act in reliance on the promise;
3. The other party acts in reliance on the promise.

Question 5

What did Woodhouse state?

Answer 5

The promise must be clear and unequivocal.