Promissory Estoppel - Contract law

The video explains promissory estoppel, a fairness doctrine in contract law that allows courts to enforce promises even when a contract lacks formal requirements like writing or consideration. It describes how one party's reasonable reliance on another's promise can lead to legal enforcement or compensation. An example involving real estate illustrates the concept, showing how courts may require the promisor to fulfill their promise or reimburse the promisee for their reliance. The doctrine prevents the promisor from denying the promise's enforceability.

How does the concept of fairness relate to promissory estoppel?

What actions can a court take when a promissory estoppel claim is made?