What is a promissory estoppel?

Promissory estoppel is a principle of contract law in the state of Mississippi. It is a legal doctrine that prevents a person from denying a promise made to another despite an agreement not being in place. This helps ensure that people are held to the promises they make, even when there is no formal contract in place. Promissory estoppel is most commonly used when one person has detrimentally relied on the promise of an offer. This means that the relyer suffered an injury or loss as a result of acting in reliance on the promise made by the promisor. In order for a court to find that promissory estoppel has taken place, four criteria must have been met. These include the promise must have been clear and definite, the promisee must have reasonably relied on the promise, the reliance must have been to the detriment of the promisee, and the enforcement of the promise must be necessary to avoid injustice. If all four criteria have been met, the court may then enforce the promise made by the promisor, ensuring that he or she is held to their word. Promissory estoppel is an important part of contract law and is used to prevent people from denying promises made without a formal contract being in place. This helps ensure that obligations are respected no matter how they are made.

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What is a promissory estoppel?

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