Search for: "White v. Berryman "
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4 Jun 2010, 5:00 am
Berryman. [read post]
16 Jan 2021, 10:57 pm
However, even if the letter of intent is a contract, it may be subject to a panoply of classical contract defenses such as the statute of frauds[8] (discussed later) and the parol evidence rule.[9][10] If the letter of intent is not a contract but nonetheless induced action or forbearance of the other party, it may be subject to a claim of promissory estoppel,[11] except that letters of intent which contain language that is expressly nonbinding may prevent plaintiffs from establishing… [read post]