In the US, my understanding is that consideration is necessary for contract formation, but by contrast promissory estoppel applies only when there is no conside

In the US, my understanding is that consideration is necessary for contract formation, but by contrast promissory estoppel applies only when there is no consideration. A quick perusal of Wikipedia's coverage of the topic [1] makes it look like the UK's treatment is roughly similar. [1] http://en.wikipedia.org/wiki/Estoppel_(English_law)#Promissory_estoppel http://en.wikipedia.org/wiki/Estoppel_(English_law)#Promisso...