Huey Henry Breaux, D/B/A H.H. Breaux, Enterprises v. Schlumberger Offshore Services, a Division of Schlumberger Ltd.

GARZA, Circuit Judge.

This diversity case requires us to consider and apply the doctrine of detrimental reliance as it relates to Louisiana law. Our second review of this litigation focuses on the question whether a property owner was justified in removing his building from the commercial market in reliance on the representations of an employee that his employer would formalize lease terms agreed to by the owner and employer. We are asked also to consider whether the district court was clearly erroneous in awarding damages to the owner of the building on the basis of promissory estoppel.

*1228I.

In…