Promissory Estoppel as Consideration

Promissory estoppel is a legal principle that allows a promise to be enforceable even without traditional consideration. It occurs when one party makes a promise, and the other party relies on that promise to their detriment. If the promisor should have expected that their promise would lead the other party to act, and it would be unfair not to enforce the promise, the court may uphold it. Essentially, it protects individuals from being harmed when they rely on a promise, ensuring fairness in agreements even when there's no formal exchange of value.