Overview of Promissory Estoppel
Автор: Blackstone School of Law
Загружено: 2016-07-22
Просмотров: 31997
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What is promissory estoppel? In this video, we explain the equitable concept that it is; demonstrating its use in cases where there is no sufficient consideration to make a binding contract, only a mere promise by the promisor. The question that then arises, is whether a promise can be enforced without consideration? In Jorden v Money (1854), this concept was rejected, only to be later taken up in the case of Hughes v Metropolitan Railway Company (1877) and established as a rule by Lord Denning in the famous case of Central Property London Trust Ltd. v High Trees Ltd. (1947).
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