reliance

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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: reasonable reliance)

References in periodicals archive ?
Reliant's rectangular, modular design enables both single-unit and tandem installation-configurable on-site for maximum flexibility.
"We're directing Reliant with the same pillars and principles as Reliant Roofing: To provide superior service and the best customer experience, whether it be roofing, solar, or hurricane protection.
But the CX improvement program really gained steam in 2016 when Reliant first partnered with MaritzCX, a provider of customer experience software and services.
He also convinced Reliant to build the Bond Bug in 1970.
Knowing of her love for the Reliant brand, the author initially approached the Princess Royal about writing a foreword for a previous book, The Reliant Motor Company, a complete history of Reliant, which she did.
Ernst brought positive change and strategic insight to Reliant Medical Group,'' Dr.
The Robin and the Regal were made by the Reliant Motor Company of Tamworth.
Reliant Cars was established in 1935 and its Regal, launched in the 1950s, went on to become one of the best-selling three-wheelers in the world.
Gareth Kloet of Confused.com, which carried out the study, said: "A Reliant Robin is a niche car now.
Reliant Energy's 1.8 million customers in Texas will continue to be served under their existing contracts.
The company has sold the assets of its subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation (NYSE: HES).
Reliant Energy, Houston, one of the country's leading competitive power providers, has announced plans to begin serving a broad class of commercial, industrial and institutional customers in the Delmarva utility district in Delaware.