Thai, Lang (2000) Letters of Comfort: A Comparative Evaluation of Australian, United States and English Jurisdictions. Current Commercial Law, 7 (1). pp. 1-12. ISSN 1038-9474
Full content URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
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Item Type: | Article |
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Item Status: | Live Archive |
Abstract
In this article, the author argues that the reluctance of the Australian courts to recognise the enforceability of comfort letters is predominantly due to the restrictions imposed on the use of the unconscionability principles and more particularly the promissory estoppel doctrine. This article explains the current position in the United States, where its law with respect to comfort letters is more settled and suggests that the approaches of the Unites States courts be adopted to expand the concept.
Keywords: | Contract Law, Letter of comfort/Letter of intent, Letters of Comfort, Commercial law, Promissory estoppel doctrine, Unconscionability |
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Subjects: | M Law > M100 Law by area |
Divisions: | COLLEGE OF ARTS, SOCIAL SCIENCES AND HUMANITIES > Lincoln Law School |
ID Code: | 55678 |
Deposited On: | 11 Sep 2023 15:09 |
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