Doubt: Promissory Estoppel vs Unilateral Mistake in Contract Law
contract clat_pg beginner doubtYaar samajh nahi aaya, please help! I'm studying for CLAT PG and I'm stuck on these two concepts. Warna kya hai, they seem to overlap na... In promissory estoppel, I understand it's when someone makes a promise to another person, and the other person relies on that promise to their detriment, but no contract is formed. Lekin, unilateral mistake is also about a mistake made by one party, jo uske fayde ya nuksan ka karan hoti hai. Lekin, unilateral mistake mein, koi promise ni hoti, sirf ek party ka mistake hota hai. Yaar, kya different hai promissory estoppel aur unilateral mistake? Agar do concepts distinct hain, toh please batao. Main toh samajh hi nahi raha hoon!
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