Promissory Estoppel Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Promissory Estoppel, written in plain English, along with examples of how it is used.

What is Promissory Estoppel?

It refers to the promise wrongly or falsely made by a person to another person, depending on which, the other person relied on the promise and suffered an economic loss.The sufferer can enforce such false promise in court and judge would believe the statement made by the promisor as promise and order for the payment for the value of work of the sufferer.Off course it would depend on the actual element present such as , false statement of promise, promissor’s inability to deny that such statement was made by him/her, enforcement and establishment of the facts.