Difference between revisions of "Promissory estoppel"
(New page: Promissory estoppel is an equitable doctrine to require payment in the absence of a contract, if: : defendant promised something to the plaintiff, upon which plaintiff could reasonably re...) |
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: plaintiff was harmed as a result, i.e., plaintiff relied to his detriment. | : plaintiff was harmed as a result, i.e., plaintiff relied to his detriment. | ||
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| + | Relief is limited to the degree of the plaintiff's detrimental reliance, most often constituting restoration ''ex ante'' the reliance. Plaintiffs cannot expect "the benefit of the bargain," or "specific performance," except in extremely rare circumstances where such is the only way to restore the plaintiff to her ''ex ante'' position. | ||
This was codified at Section 90 of the Restatement of Contracts. Traditional defenders of contract law opposed this approach because it gives a court discretion to award relief even if there is no contract. | This was codified at Section 90 of the Restatement of Contracts. Traditional defenders of contract law opposed this approach because it gives a court discretion to award relief even if there is no contract. | ||
This approach exemplifies a movement against the strict view of contract. Professor [[Grant Gilmore]] applauded judicial erosion of contract principles in his famous work, ''[[The Death of Contract]]''. | This approach exemplifies a movement against the strict view of contract. Professor [[Grant Gilmore]] applauded judicial erosion of contract principles in his famous work, ''[[The Death of Contract]]''. | ||
Revision as of 05:46, April 10, 2007
Promissory estoppel is an equitable doctrine to require payment in the absence of a contract, if:
- defendant promised something to the plaintiff, upon which plaintiff could reasonably rely;
- plaintiff did in fact rely on the promise; and
- plaintiff was harmed as a result, i.e., plaintiff relied to his detriment.
Relief is limited to the degree of the plaintiff's detrimental reliance, most often constituting restoration ex ante the reliance. Plaintiffs cannot expect "the benefit of the bargain," or "specific performance," except in extremely rare circumstances where such is the only way to restore the plaintiff to her ex ante position.
This was codified at Section 90 of the Restatement of Contracts. Traditional defenders of contract law opposed this approach because it gives a court discretion to award relief even if there is no contract.
This approach exemplifies a movement against the strict view of contract. Professor Grant Gilmore applauded judicial erosion of contract principles in his famous work, The Death of Contract.