Promissory Estoppel Discussion

Promissory Estoppel Discussion - = elements,whichare 1....

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What are the requirements of a contract? 1. Mutual Assent –  the parties to a contract must manifest by words or conduct  that they have agreed to enter into a contract.  A meeting of the minds (also known as consensus ad idem or an offer coupled with an acceptance) on fundamental or  substantial terms. 2. Consideration –  each party to a contract must intentionally exchange a legal  benefit or incur a legal detriment as an inducement to the other party to make a  return exchange.  In common law jurisdictions, that elusive concept of  consideration (something must flow from each party).  3. Legality of Object –  the purpose of a contract must not be criminal, tortious, or otherwise against public policy . Compliance with common law or statute law such
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