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Promissory estoppel is a legal doctrine that prevents someone from making a promise that they will not keep.
What do you mean by promissory estoppel?
Promissory estoppel prevents someone from backing out of a promise when the other party has relied on it and suffered a loss as a result.
What are the elements of promissory estoppel?
Elements include: a clear promise, reliance on the promise, reasonable reliance, detriment due to reliance, and enforcement needed to avoid injustice.
What is an example of promissory estoppel?
If an employer promises a promotion and the employee relocates, but the promotion is later denied, the employee may use promissory estoppel.
What are the principles of promissory estoppel?
It ensures fairness by enforcing promises when someone has reasonably relied on them and suffered harm if the promise is not kept.
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