Which term is a legal note preventing denial of a fact or restoring a right previously waived?

Which term is a legal note preventing denial of a fact or restoring a right previously waived?

• A. Estoppel
• B. Codicil
• C. Leashold Estate
• D. Guardian

Answer: (A)

Estoppel is the legal principle that prevents a party from denying a fact or revoking a right that was previously waived when another party has relied on that fact or waiver. This protects fairness in transactions by keeping promises and representations from being withdrawn after someone has acted on them. A common form is estoppel by waiver, where someone who knowingly waived a right cannot later demand it back if it would harm someone who relied on that waiver. For example, if a seller tells a buyer a certain encumbrance doesn’t exist and the buyer proceeds, the seller can’t later deny the encumbrance. The other terms are not related: a codicil is an amendment to a will, a leashold estate is a type of property tenancy, and a guardian is someone legally appointed to care for someone else. Thus the term described is estoppel.

Estoppel is the legal principle that prevents a party from denying a fact or revoking a right that was previously waived when another party has relied on that fact or waiver. This protects fairness in transactions by keeping promises and representations from being withdrawn after someone has acted on them. A common form is estoppel by waiver, where someone who knowingly waived a right cannot later demand it back if it would harm someone who relied on that waiver. For example, if a seller tells a buyer a certain encumbrance doesn’t exist and the buyer proceeds, the seller can’t later deny the encumbrance. The other terms are not related: a codicil is an amendment to a will, a leashold estate is a type of property tenancy, and a guardian is someone legally appointed to care for someone else. Thus the term described is estoppel.