GNG 4170 Lecture Notes - Lecture 4: Parol Evidence Rule, Contra Proferentem, Equitable Remedy

• School: University of Ottawa
• Department: General Engineering
• Course: GNG 4170
• Professor: Cameron Tiesma

Document Summary

When you have amended a contract, the original no longer applies. Equitable estoppel does not amend a contract in any formal way. If it could, we wouldn"t need the principal of equitable estoppel. Equitable estoppel protects your expectations it is an equitable principal. Normally the issue of equitable estoppel arises in a very discreet moment in time. The person who has led you to believe the strict won"t be enforced, given you enough warning that relates to the idea of reliance, can rely on strict terms of contract in future because haven"t amended contract. Equitable estoppel protects you only for that instance. Someone borrows ,000 and will pay back with 1000 in principal due every month plus interest due at start of every month. Couple months, he pays a little late. Short fall continues in month 4, 5, 6. Month 7 and payments have not been received. Same situation applied to john burrows (paying for equipment)