This refers to a promise being made. The term is typically used when a promise or obligation is not kept and relying on the promise was a reasonable decision on ...
A belief or dependence on a certain state of facts which motivates action , and then having the facts changed to the detriment of the person relying thereon. Synonyms of Reliance noun acceptance affiance assurance assuredness belief certainty certitude confidence conviction credence credulity dependability dependence expectation faith fides fiduda
n. acting upon another's statement of alleged fact, claim or promise. In contracts, if someone takes some steps ("changes his position" is the usual legal ...
reliance. n. acting upon another's statement of alleged fact, claim, or promise. In contracts, if someone takes some steps ("changes his position" is the usual legal language) in reliance on the other's statement, claim or promise then the person upon whom the actor relied is entitled to contend there is a contract he/she can enforce.
(n) Reliance is the dependence on somebody's assurance, promises statements, clime etc in doing some thing, taking any action or in decision making etc. For ...
Reliance Letter means any letter in the agreed form from a provider of a Report and which is addressed to the Agent ( on behalf of the Finance Parties) pursuant to which the provider of …
It was what a prudent person might believe and act upon based on something told by another. Sometimes a person acts in reliance on the promise of a profit or ...
Reliance is legal concept defining the dependence by one person on another person’s or entity’s statements or actions, particularly where the person acts upon such dependence. The person on whom the person relied may be liable for damages if such reliance was reasonable and resulted in detriment to the relying person, in a doctrine known as promissory estoppel.
Contract Law; General legal English; Definitions of reliance. when one party depends on or trusts another party to act in a certain way, ... Some reliance was also placed on the fact that the 31 …
reliance. n. acting upon another's statement of alleged fact, claim, or promise. In contracts, if someone takes some steps ("changes his position" is the ...
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. To depend upon the statement or action of another as if genuine and true. REASONABLE RELIANCE A legal standard; that which …
In damages …on the contract), and (3) reliance, which gives him compensation for expenditures made or liabilities incurred “in reliance on” the contract’s being performed. Reliance damages …
To depend upon the statement or action of another as if genuine and true. REASONABLE RELIANCE A legal standard; that which a prudent person would believe and would take action based…. TRUE Conformable to fact; correct; exact; actual; genuine; honest "In one sense, that only is true…. COUNTERFEIT In criminal law.
reliance. n. acting upon another's statement of alleged fact, claim, or promise. In contracts, if someone takes some steps ("changes his position" is the usual legal language) in reliance on …
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n. acting upon another's statement of alleged fact, claim, or promise. In contracts, if someone takes some steps ("changes his position" is the usual legal language) in reliance on the other's …
Reliance is legal concept defining the dependence by one person on another person’s or entity’s statements or actions, particularly where the person acts upon such dependence.
Reliance Definition. Reliance. Dependence on another person's (or entity's) statements or actions. Reasonable reliance on another person's statements may, in ...