Respuesta :
A court may hold that a defective corporation is an "estoppel" in order to prevent it from claiming it is not a corporate entity in order to escape liability to a third party.
What is estoppel?
Estoppel is a legal principle which restricts someone from arguing or declaring a right that appears to contradict what they earlier said or agreed to under the law.
Some key features regarding the estoppel are-
- Simply put, estoppel precludes one individual from contradicting a past action or statement.
- It is a part of common law and is intended to protect people from being wronged unfairly because of the inconsistencies of some other person's actions or words.
- Collateral estoppel & promissory estoppel are the two most common types of estoppel.
- Estoppel is a legal principle found in legal system systems in the United States, the United Kingdom, Canada, and other countries.
- It helps protect one party by requiring another to keep their word or follow established legal facts.
To know more about the estoppel, here
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