Promissory Estoppel Business Loss

Summary

Promissory estoppel cases in Texas can be complex, especially with verbal agreements. Texas law requires certain agreements to be in writing under the Statute of Frauds. Without written documentation, enforcing a verbal promise can be challenging. Business valuation claims require substantial evidence. If you believe you have a valid promissory estoppel case, consult a local attorney to explore your options and understand the potential for recovering business losses.

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was I didn't have the $*,* to get the testing done so a friend of mine needed some legal help just basic stuff probate mineral rights and a piece of property left from there father. They were told to be $*,* Didn't have the money so I suggest it to him I could do the work a system due to work there's just paperwork not any legal advice I said if you promise upon collecting all your money from this stuff which is the last thing I'll probably to sell the house that you loan me $*,* at *% interest for 5 years. This is going to allow me to get the protesting done and at that point by the time that money came in I'd be a little farther behind so I need a little more money to catch up on some other things too But I felt at that point there's the best option. After 5 months of working on
It seems like you're dealing with a situation involving a promise for a loan based on future earnings from probate and mineral rights. If the promise was verbal, enforcing it could be challenging. Ohio law has specific requirements for agreements involving loans and real estate.
- Written Agreements: Typically, Ohio requires written agreements for enforceability.
- Statute of Frauds: Some agreements need to be in writing to be enforceable, especially those involving real estate.
Could you tell me if you have any written documentation or evidence supporting this agreement?
this to get the middle rights and then work down the house The last step was since the only one half the house it'll have belong to step sister She didn't want to sell But there was no wills so nobody had any rice and property except for their halves clear cut so the last thing I did was help them write up a demand letter saying if we don't hear back from you I'm willingness to put it on the market like we've asked you before went to a partition well got to the point where I said to the one of the siblings not my siblings If we don't hear back from her by the end of the week I'll file a petition action next week so I already put in about * hours maybe * over these 5 months a few days later I'm informative they don't want me to do the partition action So essentially I did *% of the work in the last part it'll give me the loan it'll save my business Now at this point it'sFebruary * in the business is falling farther behind I've actually hit
Given the complexity of your situation involving a verbal agreement, probate issues, and business challenges, it might be beneficial to connect with a local attorney who can provide more specific guidance. Would you like assistance in reaching out to local lawyers who can help with your case?
the borrow some money from family to bridgeme until this money came in and the only reason they gave me the money is cuz they knew this morning was coming in. So if I file a case or promissory stop them my business is probably not worth about $*,* it isn't way worse spot If I'd have known in October I could have worked on selling part of the business to get the money to work on the whole business all together You might promise serious topic case Can I collect money for the value my business going down. So my business is worth $*,* in October when Green was made now it's worth less than *,* Can I collect it difference of $*,* for my if I file I promise serious tablet case
Case Rating: *
Your situation involves complex issues related to business valuation, verbal agreements, and potential legal claims. In Ohio, verbal agreements can be difficult to enforce, especially without written documentation. You may not be able to claim the business value difference directly due to the promise not being formalized.
Would you like more specific guidance or help in understanding the next steps?
Texas
It seems there was a miscommunication regarding your location. Given that you're in Texas, here are some general points:
- Verbal agreements can be challenging to enforce.
- Texas follows the Statute of Frauds, requiring certain agreements to be in writing.
- For business valuation claims, documentation is crucial.
Case Rating: *
Would you like more specific guidance or help in understanding the next steps?
Yes If I do truly have a promissory to stop a case let's just say I do Can I collect the value of my business lost had they not promised me that long I could have sold a business and did many other things with it
Case Rating: *
Your situation involves complex issues related to business valuation and promissory notes. In Ohio, verbal agreements can be challenging to enforce, especially without written documentation. You may not be able to claim the business value difference directly due to the promise not being formalized.
Do you have any written documentation or evidence supporting this agreement?