xcess inventory even though there was no contract. The promises were sufficient to satisfy the law of Promissory Estoppel.Appeals court.Montgomery Ward appealed the verdict but was over ruled and the verdict was upheld. The court ruled that there was sufficient evidence that Ward made the promise to purchase the excess inventory. Promissory Estoppel in NY states that in the absent of a written contract, a promise or an implied agreement is sufficient to hold the company responsible.Who WinsEsquire Radio won and was awarded 2.3 million dollars the cost of the spare parts inventory.Questions1.Promissory Estoppel in NY states that in the absent of a written contract, a promise or an implied agreement is sufficient to hold the company responsible.2. Montgomery wards actions on the following points led to the court's decision.a.The court believes that Promissory Estoppel was met.b.Ward urged Esquire to accumulate excessive inventoryc.Ward promised to purchase the spare parts inventoryd.Ward stated that they will buy the excess inventory so they should buy more inspite of their reluctance to do so.3. Yes, I believe there was implied in facts contract in this situation....
