MLchartDataset catalogue

Reliance

Term · Law · MLC-T-LAW-004207

The act of depending on another's statement or promise, which induces a party to act or refrain from acting in a certain way. This concept is central to claims of misrepresentation, fraud, and promissory estoppel. A party must demonstrate reasonable reliance to succeed on such claims.

Table 1. Record
IdentifierMLC-T-LAW-004207
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004207",
  "term": "Reliance",
  "field": "Law",
  "definition": "The act of depending on another's statement or promise, which induces a party to act or refrain from acting in a certain way. This concept is central to claims of misrepresentation, fraud, and promissory estoppel. A party must demonstrate reasonable reliance to succeed on such claims.",
  "url": "https://mlchart.com/terminology/law/reliance/"
}

Record 4,266 of 5,441 in Law terminology (MLC-0107). Request the full dataset.