Promissory estoppel

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    Doctrine of promissory estoppel has been variously called ‘promissory estoppel,’ ‘requisite estoppel’. ‘Quasi estoppel’ and ‘new estoppel’. It is a principle evolved by equity to avoid injustice and though commonly named ‘promissory estoppel’ it is neither in the realm of justice nor in the realm of estoppel.

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