Updated: Aug 20, 2021

A rule of law, whereby a person is prevented (or estopped) from denying a statement he has made either orally or in writing (or possibly implied by conduct). It applies particularly to statements made in a contract by deed. It also prevents a principal from denying the authority of his agent, or a person denying the existence of a partnershp, where the conduct of the parties has implied that this exists.

Reference: The Penguin Business Dictionary, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.