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Doctrine of Promissory Estoppel

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Doctrine of Promissory Estoppel

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.
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  • January 31, 2019 at 6:51 am #503755
    cindy1228
    Participant
    • Topics: 63
    • Replies: 118
    • ☆☆

    Hi again Tutor Mike,

    What is promissory estoppel, how this applies and to where is it not applicable or does not apply?

    January 31, 2019 at 7:55 am #503764
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Where a promise is made by one party to another and that promise is relied upon and acted upon by the other, the promisor is not subsequently able to renege on that promise to the detriment of the promisee

    I’m not sure that there are any exceptions to the rule

    The classic case to illustrate the point is Central London Property Trust v High Trees House

    Put this into your search engine:

    central london property trust v high trees house

    OK?

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