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Showing posts with label Professor Mootz. Show all posts
Showing posts with label Professor Mootz. Show all posts

Monday, August 29, 2011

Nevada Supreme Court Adopts Modern Flexible Approach to Promissory Estoppel Damages


By Professor Jay Mootz

The creation of the doctrine of promissory estoppel is one of the most significant developments in modern contract law. In Dynalectic Co. of Nevada, Inc. v. Clark & Sullivan Constructors, Inc., 255 P.3d 286 (Nev. 2011), the Supreme Court of Nevada unanimously embraced the flexible approach to damages in promissory estoppel cases that is articulated in the Restatement (Second) of Contracts. With its succinct and clear opinion, the Court ensures that Nevada courts will follow the modern trend to determine the appropriate measure of damages by looking to "considerations of what justice requires and the foreseeability and certainty of the particular damages award sought."