BUS 202 Lecture Notes - Lecture 6: Estoppel
Document Summary
Alden v. presley- elvis was engaged to this woman and elvis promised her mother to pay her (cid:373)ortgage. El(cid:448)is died a(cid:374)d therefore the (cid:373)ortgage (cid:449)as(cid:374)"t paid. The (cid:373)other asked el(cid:448)is" estate to pay it. But the estate said (cid:374)o (cid:271)ut gift pro(cid:373)ises are u(cid:374)e(cid:374)for(cid:272)ea(cid:271)le. She tried to get the promise enforced under promissory estoppel but she failed. (if she quit her job relying on his promise to pay her mortgage then it would have been promissory estoppel) Defenses to avoid enforcing a contract: if you can prove the other person caused your mental impaired when you made the contract then it is unenforceable. [minority of states say if you cancel on time, the adult can deduct from money paid back for depreciation, repair, etc. ] [this does(cid:374)"t apply to age (cid:373)isreprese(cid:374)tatio(cid:374) or (cid:374)e(cid:272)essity of life: non-competes (pg.
