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Hoffman v. Red Owl Stores, Inc - Rule Promissory estoppels...

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Hoffman v. Red Owl Stores, Inc 26 Wis.2d 683 (1965) Fact: Procedural Facts: Operative Facts: A entrepreneur wanted to own a Red Owl Store (grocery store). Red owl then stated that the entrepreneur would have to sell their existing bakery, their grocery store, pay $1,000, and his inventories. The deal didn’t go through because Red owl demanded more money for the start up. Entrepreneur acted in good faith. Issue: Whether or not the court can give the entrepreneur a promissory estoppels.
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Unformatted text preview: Rule: Promissory estoppels are only given when there is no contract, but one relies in good faith to the performance of the contract Rational: The entrepreneur was left in an unfair state, after relying on the grocery store’s demands, for the contract to go through. Holding: The promissory estoppels are applicable in this case. Synthesis: Dissent/Concurrences:...
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