Trains for a Legally Valid Term Paper

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Promissory estopple is an alternative to consideration as a basis for enforcing a promise. It is also sometimes referred to as detrimental reliance, in other words that the second party has experienced a loss because of the implied promise of the first party. But this promise must be: "a promise which the promisor should reasonably expect to induce action or forbearance of a definite and substantial character on the part of the promisee and which does induce such action or forbearance in binding if injustice cab be avoided only by enforcement of the promise.

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" ("Promissory estoppel," 2006, Lawzilla) in this case, the promise was vague and somewhat fantastic -- who knows when Tom would retire, and if he would really decide to ride the rails for the rest of his life as an old man? Also, Harry might be able to profit from his expense by finding better trains, somewhere else, as Tom's offer did not require him to build a new addition onto his facilities.

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