Bay Shoe Co. v. Nacol

An admission which may give rise to the plea of estoppel, must be of a fact, and not of law, for every one is presumed to know the law, a presumption which, as facetiously remarked by one of our judges, is very violent, but which nevertheless exists of necessity, and is universally recognized, and therefore no one can excuse himself or justify himself on tjhe ground that he was deceived or misled by an incorrect or false statement of law made by his adversary. An admission of a fact on the other hand, made by a person who should know whether the fact is true, to another whom he knows to be…