In commercial estoppel cases not involving interests in real property, relief is ordinarily limited to the minimum equity necessary to avoid the claimant's detriment, rather than expectation-based relief making good the assumed state of affairs. Conduct in prior transactions with third parties can constitute a representation capable of founding an estoppel where the transactions are of such a nature that the representations were, or should have been, expected to be acted on by prospective parties. A party's failure to appreciate the commercial consequences of a contractual term does not justify departing from its plain and ordinary meaning.
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