Learn about the doctrine of promissory estoppel; the elements of a promise, reliance, and detriment; and the remedy available under the doctrine to enforce a promise even if a valid contract was never formed.
Typically, consideration is required in order for a contract to be enforceable. However, some contracts may be enforceable even without consideration. Today, you’ll be learning about the doctrine of promissory estoppel and its effect on the enforceability of contracts without consideration.
In our discussion, we’ll first define the doctrine of promissory estoppel. After that, we’ll cover each of the three elements of the doctrine: a promise, reliance, and detriment. Finally, we’ll discuss the...