Based upon recent case pronouncements by both New York's highest court and federal courts, the doctrine of promissory estoppel should be invoked with selectivity, particularly when used to undermine ...

They’re sorta like contracts, but not quite. “Consideration” in turn, means that one thing of value is exchanged for another thing of value. I give you money and you give me your car. “Capacity” means ...

Under California Law, a party seeking to defeat the statute of frauds based on promissory estoppel must allege an actual change in position. In Jones v. Wachovia Bank, 230 Cal.App.4th 935 (2014), the ...

Media Logic USA, LLC (“Media Logic”) is an Albany-based marketing agency.[2] For many years, Media Logic’s clients included non-party DSM, a company in the food ingredients industry.[3] In August 2017 ...

Dear PAO,I served as vice president of a prominent company that ceased operations during the Covid-19 pandemic due to severe financial losses. As a result, the management opted to cease operation and ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

In my last post on the Steven Salaita controversy, I noted that Professor Michael Dorf, among others, believes that Salaita has a strong promissory estoppel claim against the University of Illinois.

Based upon recent case pronouncements by both New York's highest court and federal courts, the doctrine of promissory estoppel should be invoked with selectivity, particularly when used to undermine ...