BUSA 690 Lecture Notes - Lecture 7: Estoppel
Document Summary
The traditional doctrine of estoppel, rather than promissory estoppel, requires proof. Of a representation regarding a past or present fact. The contractual rule that requires an exchange of value. Generally requires proof that each party provided sufficient consideration, but it does not also require proof that each party provided adequate consideration. While watching a telethon that was aimed at raising money for medical research, he was overwhelmed by a sense of grief and sorrow. He consequently picked up the telephone, dialed the number on the screen, and promised to donate 000 000 within one month. The volunteer on the other end of the line thanked. Lewis and assured him that the money will be put to good use. two days later, before. They also announced that they would name the facility the jerry medical research park, after thomas jerry, a local surgeon who recently had died.