Promissory Estoppel
This lecture looks at Promissory Estoppel. The courts have developed the doctrine of promissory estoppel, an equitable exception to the rule that a promise must be supported by consideration. In essence, promissory estoppel is about protecting a party’s reliance on a non-bargain promise. Although not exclusively so, many of the instances in which promissory estoppel is invoked involve part payment of a debt in response to a promise by the creditor that he will not require the debt to be paid in full.
Learning Outcomes
At the end of this lecture you will be able to:
explain the common law rules that govern part payment of a debt;
identify the elements of the equitable doctrine of promissory estoppel; establish which facts a court considers in applying the doctrine of promissory estoppel;
explain the difference between the common law right in contract and
the equitable principle of promissory estoppel.
Cases
Waivers
Hickman v Haynes (1874-75) L.R. 10 C.P. 598
Charles Rickards Ltd v Oppenheim [1950] 1 K.B. 616
Promissory Estoppel
Hughes v Metropolitan Railway Co (1887) 2 App. Cas. 439
Central London Property v High Trees House [1947] KB 130
When does promissory estoppel exist?
Woodhouse A.C. Israel Cocoa Ltd. S.A. and Another v Nigerian Produce Marketing Co. Ltd. [1972] A.C. 741; [1972] 2 W.L.R. 1090
Emmanuel Ayodeji Ajayi v R.T. Briscoe (Nigeria) Ltd. [1964] 1 W.L.R. 1326
How can Promissory Estoppel be used?
Tool Metal Manufacturing Co. v Tungsten Electric Ltd (No.2) [1955] 1 WLR 761
Combe v Combe [1951] 2 KB 215
D&C Builders v Rees [1966] 2 Q.B. 617
This lecture looks at Promissory Estoppel. The courts have developed the doctrine of promissory estoppel, an equitable exception to the rule that a promise must be supported by consideration. In essence, promissory estoppel is about protecting a party’s reliance on a non-bargain promise. Although not exclusively so, many of the instances in which promissory estoppel is invoked involve part payment of a debt in response to a promise by the creditor that he will not require the debt to be paid in full.
Learning Outcomes
At the end of this lecture you will be able to:
explain the common law rules that govern part payment of a debt;
identify the elements of the equitable doctrine of promissory estoppel; establish which facts a court considers in applying the doctrine of promissory estoppel;
explain the difference between the common law right in contract and
the equitable principle of promissory estoppel.
Cases
Waivers
Hickman v Haynes (1874-75) L.R. 10 C.P. 598
Charles Rickards Ltd v Oppenheim [1950] 1 K.B. 616
Promissory Estoppel
Hughes v Metropolitan Railway Co (1887) 2 App. Cas. 439
Central London Property v High Trees House [1947] KB 130
When does promissory estoppel exist?
Woodhouse A.C. Israel Cocoa Ltd. S.A. and Another v Nigerian Produce Marketing Co. Ltd. [1972] A.C. 741; [1972] 2 W.L.R. 1090
Emmanuel Ayodeji Ajayi v R.T. Briscoe (Nigeria) Ltd. [1964] 1 W.L.R. 1326
How can Promissory Estoppel be used?
Tool Metal Manufacturing Co. v Tungsten Electric Ltd (No.2) [1955] 1 WLR 761
Combe v Combe [1951] 2 KB 215
D&C Builders v Rees [1966] 2 Q.B. 617
This lecture looks at Promissory Estoppel. The courts have developed the doctrine of promissory estoppel, an equitable exception to the rule that a promise must be supported by consideration. In essence, promissory estoppel is about protecting a party’s reliance on a non-bargain promise. Although not exclusively so, many of the instances in which promissory estoppel is invoked involve part payment of a debt in response to a promise by the creditor that he will not require the debt to be paid in full.
Learning Outcomes
At the end of this lecture you will be able to:
explain the common law rules that govern part payment of a debt;
identify the elements of the equitable doctrine of promissory estoppel; establish which facts a court considers in applying the doctrine of promissory estoppel;
explain the difference between the common law right in contract and
the equitable principle of promissory estoppel.
Cases
Waivers
Hickman v Haynes (1874-75) L.R. 10 C.P. 598
Charles Rickards Ltd v Oppenheim [1950] 1 K.B. 616
Promissory Estoppel
Hughes v Metropolitan Railway Co (1887) 2 App. Cas. 439
Central London Property v High Trees House [1947] KB 130
When does promissory estoppel exist?
Woodhouse A.C. Israel Cocoa Ltd. S.A. and Another v Nigerian Produce Marketing Co. Ltd. [1972] A.C. 741; [1972] 2 W.L.R. 1090
Emmanuel Ayodeji Ajayi v R.T. Briscoe (Nigeria) Ltd. [1964] 1 W.L.R. 1326
How can Promissory Estoppel be used?
Tool Metal Manufacturing Co. v Tungsten Electric Ltd (No.2) [1955] 1 WLR 761
Combe v Combe [1951] 2 KB 215
D&C Builders v Rees [1966] 2 Q.B. 617