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Unformatted text preview: was an equitable estoppel, which precluded the executor from alleging that the note in controversy was lacking in one of the essential elements of a valid contract. The payee's grandfather intentionally influenced the payee to alter her position for the worse on the faith of the note being paid when due. Thus, it would be grossly inequitable to permit the maker, or his executor, to resist payment on the ground that the promise was given without consideration. The court affirmed the judgment entered by the trial court in favor of the payee in her action against the executor on a promissory note made by the executor's decedent. Means that she gave up opportunity to make $ (I think). Promissory estoppel is reliance on a promise....
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This note was uploaded on 06/15/2009 for the course LAW 577 taught by Professor Staff during the Spring '08 term at Arizona.
- Spring '08