PRINCIPLES OF CONTRACTUAL LIABILITY LAWS11-212 NOTES DEFINITIONS: Estoppel: Prevents promissors reneging in their promises where it would be unconscionable for them to do so, Waiver: Strict performance, can still be technically demanded, but won’t be insisted on. Privity: Only a party original to contract may sue. Unilateral contract: reward type contracts – obligation one sided Collateral contract: statements that are intended to have some contractual significance but are not included as terms…
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