Editing Contracts Ayres/9th ed. Outline
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**** Detrimented party is ignorant of true facts | **** Detrimented party is ignorant of true facts | ||
**** Detrimented party relied upon conduct to injury | **** Detrimented party relied upon conduct to injury | ||
*** | *** Ricketts v. Scothorn – Equitable estoppel (relied detriment = consideration, contract) | ||
**** o FACTS: Grandpa gave granddaughter promissory note to pay her annually so she didn’t have to work, and she quit (relied on that promise?). Got another job later with his consent, and he never repudiated the obligation – said he would pay when he sold the farm. Grandpa died and P sued for payment. | **** o FACTS: Grandpa gave granddaughter promissory note to pay her annually so she didn’t have to work, and she quit (relied on that promise?). Got another job later with his consent, and he never repudiated the obligation – said he would pay when he sold the farm. Grandpa died and P sued for payment. | ||
**** o HOLDING: Substantial/reasonable detriment based on inducement/reliance serves as consideration for the promise (thus contract exists, so D equitably estopped from denying consideration) | **** o HOLDING: Substantial/reasonable detriment based on inducement/reliance serves as consideration for the promise (thus contract exists, so D equitably estopped from denying consideration) |