The classic statement of equitable estoppel is the following: It is the first principle upon which all courts proceed, that it will prevent a person from insisting on his strict legal rights, whether arising under a contract or on his title deeds, or by statute, when it would be inequitable for him to do so having regard to the dealings which have taken place between the parties. See Depew v. Wilkes, [2000] O.J. No. 4303 (S.C.J.)
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