Snake Hill Facts

  The following excerpts are from the book:

Principles of Contract Law

by Jeannie Paterson, BA, LLB(Hons)(ANU),PhD(Monash), Senior Lecturer,Faculty of Law, Monash University,

Andrew Robertson, LLB(QIT), LLM(Hons)(QUT),PhD(ANU), Associate Professor,Faculty of Law, University of Melbourne, and

Peter Heffey, LLB(Hons)(Melb), BCL(Oxon), Honorary Associate, Faculty of Law, Monash University

  This states that our lender`s letters promising to credit all the money they had overcharged us toward future mortgage payments actually created a new contract, and an estoppel arose because we acted on and relied on that promise.