Reasonable Reliance Legal Meaning and Definition

Here is a simplified definition of the legal term Reasonable Reliance.

Reasonable Reliance (n): Reasonable reliance is the trust or confidence that an ordinary person would place on another person's words or actions when making a decision, especially in a contractual agreement. It helps determine if one's reliance was justified under the law. If the situation indicates deceit or dishonesty, a reasonable person wouldn't rely on the dishonest party's statements or actions.