detrimental reliance

Reliance by one party on the acts or representations of another, causing a worsening of the first party’s position.

• Detrimental reliance may serve as a substitute for consideration and thus make a promise enforceable as a contract. See promissory estoppel under ESTOPPEL. [Cases: Estoppel 55, 85, 87. C.J.S. Estoppel §§ 85–86, 90, 92–93.]

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词条贡献者

双语律师William，国内知名法学院金融专业，擅长翻译各类与投资基金、投资顾问及金融衍生工具相关的法律文件。