promissory estoppel

The principle that a promise made without consideration may nonetheless be enforced to prevent injustice if the promisor should have reasonably expected the promisee to rely on the promise and if the promisee did actually rely on the promise to his or her detriment.

— Also termed (inaccurately) equitable estoppel. [Cases: Estoppel 85. C.J.S. Estoppel §§ 92–93.]

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词条贡献者

译者Wendy，欧洲知名商学院国际金融专业，擅长翻译各种与私募基金相关的法律文件。