What is equitable estoppel?

Equitable estoppel is a legal principle that is used in North Dakota contract law. It prevents someone who has broken a promise from using their legal rights to deny what they had previously promised. In other words, equitable estoppel prevents someone from going back on their word and prevents them from taking advantage of another. For example, if someone promises a person that he will transfer a piece of land to them and then tries to deny it later, the person who was promised the land can invoke equitable estoppel against the person who made the promise. This means that the person cannot deny the promise and that he is legally bound to transfer the land. Equitable estoppel can also be used to protect people from being taken advantage of if someone has misled them into entering into a contract. In this case, a court can use equitable estoppel to cancel the contract and protect the party that was misled. Overall, equitable estoppel is a legal principle that is used in contract law to prevent someone from breaking promises or taking advantage of others through false representations. It is a powerful tool that can be used in North Dakota to ensure that contracts are carried out fairly and that no one is taken advantage of.

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What is equitable estoppel?

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