What Does Promissory Estoppel Mean?

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What does Promissory Estoppel mean? Read on to discover the definition & meaning of the term Promissory Estoppel - to help you better understand the language used in insurance policies.

Promissory Estoppel

Promissory Estoppel

The doctrine that courts will enforce an agreement where consideration does not exist when it is necessary to do so to avoid injustice.

We hope the you have a better understanding of the meaning of Promissory Estoppel.

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