In 1996, I published an article entitled The Death of Reliance; based on a talk I gave at the annual meeting of the Association of American Law Schools on recent trends in legal scholarship. In it I claimed there then existed a "new consensus" that a "reliance theory" did not explain the doctrine of promissory estoppel.What exactly a ''reliance theory" is has never been made clear by those who seemed to advocate it-apart from their insistence that, just as tort law rectified the harm caused by physical misconduct, the purpose of contract law was to rectify detrimental reliance caused by verbal misconduct.
Randy E. Barnett,
Foreword: Is Reliance Still Dead?,
San Diego L. Rev.
Available at: https://digital.sandiego.edu/sdlr/vol38/iss1/2