MLchartDataset catalogue

Reasonable reliance

Term · Law · MLC-T-LAW-004133

The justifiable belief by one party in the truth or accuracy of a representation made by another party, leading to an action or forbearance. This concept is central to claims of misrepresentation, fraud, and promissory estoppel. The reasonableness of the reliance is assessed objectively, considering the circumstances and the information available to the relying party.

Table 1. Record
IdentifierMLC-T-LAW-004133
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004133",
  "term": "Reasonable reliance",
  "field": "Law",
  "definition": "The justifiable belief by one party in the truth or accuracy of a representation made by another party, leading to an action or forbearance. This concept is central to claims of misrepresentation, fraud, and promissory estoppel. The reasonableness of the reliance is assessed objectively, considering the circumstances and the information available to the relying party.",
  "url": "https://mlchart.com/terminology/law/reasonable-reliance/"
}

Record 4,185 of 5,441 in Law terminology (MLC-0107). Request the full dataset.