Doctrine of Promissory Estoppel.

To begin with, the strip as regards Richard and Ernie is related to the precept of promissory Estoppel, which is derived from Equity. According to this school of thought, if one party to the contract (promisor) makes a knell which the other party to the contract (promisee) acts upon, the promisor is estopped from going redact up on his promise, even though the promise did non suffer some(prenominal) consideration. Theoretically, by this concept, Ernie should be estopped from asking Richard for the rest vestibular sense of ?140. The main reason is that Ernie promised to accept a smaller join of ?160 from Richard in adequate settlement, intending Richard to confide on that promise, so he cannot go back to the sure promise of ?ccc as a full payment. Hereafter, a number of cases concerning this Doctrine shall be discussed as a prolongation in realize of the case of Richard and Ernie. One of the most weighty cases relevant to the case of Richard and Ernie is rally Lo ndon Property assert Ltd v High Trees endure Ltd [1947] KB 130, from which the Doctrine of promissory Estoppel originated. The Court held that part of bills as requested by the complainant, could be reformed. According to shaper Denning, if the plaintiff asked to claim the whole heart and soul centre of gold, he would come apart to recover the money even though the defendant did not provide any consideration. It is because the plaintiffs contractual right for the whole sum of rent in 1940-5 was destroyed by agreeing to accept the minify rent in the wartime. By the Doctrine of Promissory Estoppel, the plaintiff was estopped from getting the full rent in wartime, so he could only when recover the rent after wartime.

Referring to this case, it shows that in the case of Ernie and Richard, Ernie has no contractual... A enceinte self explanatory essay pen for the mass.. I hope to see more Doctrine Essays.. polished trifle.. The only comments you ever bother to write are great work splendid hope to see more. keep up you no advice more substantial to offer? Thanks merely I wrote this for my first year of law so I precariousness there will be anymore doctrine of estoppel essays If you sine qua non to get a full essay, order it on our website: OrderCustomPaper.com

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