Main Body
When there is an exchange of promises between two parties a contract is formed. They can either be a promisor or a promisee, as they both mush either receive a benefit or …show more content…
Promissory estoppel is made as a defence to protect a person. The first benefit of promissory estoppel is that it protects innocent individuals who are in a weaker position of the legal issue raised. Hence, weaker parties benefit from this doctrine, as they are usually up against strong parties such as employers or companies or landlords. In simplest words, promissory estoppel is used in order to prevent the promisor that created the contract from taking advantage of the general rule, hence making the promise binding even if there is no …show more content…
Its absence may even void the contract. However, the doctrine of promissory estoppel is a doctrine, which binds an agreement without the need of consideration. By comparing the basis of these doctrines, it would be reasonable for one to say that the doctrine of promissory estoppels is in a sense more lenient than the doctrine of consideration. This is because the doctrine of promissory estoppel may be more easily satisfied than the doctrine of consideration, hence the reason for it being an exception to the doctrine of