Reasonable reliance refers to a legal principle often applied in contract law and tort law contexts. It involves a party justifiably depending on another party’s statements, promises, or representations to their detriment. For example, if someone makes a promise or assurance to another person, and the second person relies on that promise to take action or refrain from taking action, their reliance may be considered reasonable if a reasonable person in similar circumstances would have relied on the same promise.
In legal disputes, the concept of reasonable reliance is crucial for determining whether a party can hold another party accountable for their actions or omissions. If a party’s reliance on another party’s statements or conduct was reasonable and they suffer harm as a result of that reliance, they may be entitled to legal remedies such as damages or specific performance.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
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