Estoppel
A) is a great way to force an Owner to pay promptly
B) requires previous acts to have set a pattern
C) is good for the Owner more than the Contractor
D) is one way to improve slow payment

Question

Quizplus · Accepted Answer

Estoppel requires previous acts to have set a pattern, meaning that the party being estopped (typically the Owner) must have previously made representations or taken actions that led the other party (typically the Contractor) to rely on certain beliefs or assumptions. Estoppel is not necessarily a way to force prompt payment or improve slow payment, but rather a way to prevent the party being estopped from reneging on previous representations or actions. While estoppel can benefit both parties in certain situations, it is generally considered more beneficial to the Contractor than the Owner.