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reliance

n. acting upon another's statement of alleged fact, claim or promise. In contracts, if someone takes some steps ("changes his position" is the usual legal language) in reliance on the other's statement, claim or promise then the person upon whom the actor relied is entitled to contend there is a contract he/she can enforce. However, the reliance must be reasonable.

See also: reasonable reliance 



The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications