Can the principles of promissory estoppel apply to extend the limitation period of a loan?
Alberta, Canada
The following excerpt is from Halliburton Group Canada Inc. v. Borth, 2012 ABQB 130 (CanLII):
The principles of promissory estoppel can apply to prevent reliance on expiry of a limitation period and thereby effectively extend the period: Brar v. Roy, 2005 ABCA 269, 371 A.R. 290 at paragraph 33.
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