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Promissory of estoppel prevents a person going back on his promise to accept a leader amount
The case central London property trust v high tree houses is based on this but I could not understand that also it has conditions ex there should be existing contract between parties etc I also could not understand that
We’re in a contract. Things are difficult for us at the moment. The other party says “Don’t worry about it! Just pay me half whilst you’re still struggling”
So we did
And then things got better and the other party said “Now things are back to normal for you, let’s go back to full payment. Oh, and by the way, you owe me the other half for the previous 4 years.”
Oh, yes, we can go back to full payment from here on in, but the other guy can’t go back on his promise of allowing us to pay just half. He is (e)stopped from breaking his promise
Is that ok?
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