reliance – trust in a person combined with an action based on that trust

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reliance:
n, (17c)

1. Dependence or trust by a person, esp.  when combined with action based on that dependence, or trust. — rely, vb,

detrimental reliance (1941) Reliance by one party on the acts or representations of another, causing a worsening of the first party’s position.  *  Detrimental reliance may serve as a substitute for consideration and thus make a promise enforceable as a contract.

essential reliance (1936) Contracts. Reliance that causes a person to expect specified benefits and to perform as instructed by the contract.

incidental reliance (1936) Contracts. Reliance that motivates a person to act in ways that are not necessary to perform a contract but that follow from the contract.

References:

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner.

 

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