Statute of Frauds Bars Oral Contract and Promissory Estoppel Claims for Real Estate Sale
Synthèse Legislator
Généré par l'IAThe lower court correctly granted summary judgment against the petitioner who claimed breach of contract and promissory estoppel based on alleged oral assurances regarding the future sale of property, as the court found the statute of frauds barred the contract claim due to the absence of a written agreement memorializing all essential terms. Furthermore, the promissory estoppel claim failed because the petitioner did not demonstrate that reliance on the alleged oral promises was reasonable given the clear, written terms of an existing agreement which contemplated a formal, written contract for the sale, thus affirming that the oral assurances were insufficiently definite or supported by consideration to overcome the written contractual framework or statutory requirements.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF; Statute of Frauds Bars Oral Contract and Promissory Estoppel Claims for Real Estate Sale: Furthermore, the promissory estoppel claim failed because the petitioner did not demonstrate that reliance on the alleged oral promises was reasonable given the clear, written terms of an existing agreement which contemplated a formal, written contract for the sale, thus affirming that the oral assurances were insufficiently definite or supported by consideration to overcome the written contractual framework or statutory requirements.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAProvision cited in the dispositive to rule on the costs of the appeal proceedings.
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