Estoppel explained
13 September 2012
Great care should be taken when making promises that you know will be relied on by someone else. This extract from The Buyer shows how two recent cases prove the point
“Estoppel” relates to a legal principle that, if someone makes a statement that they know will be relied on by another, and that person does rely on it, then the first person cannot withdraw that statement later on. They are “estopped” from denying they made such a statement and have to accept the other side’s reliance as binding them to that statement. Estoppel was a...