Definition of "Estoppel"

Tyrone Turner real estate agent

Written by

Tyrone Turnerelite badge icon

T Turner Group

Stop or bar, such that one party makes a statement upon which a second party has every reason to rely, thereby preventing the first party from denying the validity of that statement. For example, the misleading actions of an agent of the insurance company result in the insured being estopped from having to perform according to the provisions of the contract.

 

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