estoppel

Definition

A doctrine of law that stops a person from later denying facts which the person once acknowledged as true, and that others took to be true in good faith. A person who signs a contract stating he will pay $10,000 cannot later argue he only owes $5,000 under estoppel.

Use estoppel in a sentence

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Estonian Kroon laches