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In Corpus Juris Secundum volume 31 page 283 the law with regard to an estoppel by representation has been stated in following terms :--
"Generally an estoppel by misrepresentation arises when and if a false representation is knowingly or negligently made by the person to another ignorant of the facts with the intention that such other acts thereon and such other does reasonably rely and act thereon in his prejudice. Where a person wilfully makes a representation intended to induce another to act on the faith of it or where, whatever his intention, a reasonable man in the situation of that other would believe that it was meant that he should act on it, and in either case that other does not act on it as true and alters his position, there is an estoppel in pals (sic) to conclude the former from averting against the latter a different state of things as existing at the same time. An estoppel arising out of an express misrepresentation being an equitable estoppel, all of the essential elements of such an estoppel, considered in Sections 66-67 (supra), must be present. Hence, for an estoppel by misrepresentation to arise there must exist a false representation by the person sought to be estopped, made with knowledge, actual or constructive of its falsity, to the person seeking the benefits of the estoppel, with the Intent that such person acts in reliance thereon, and that he actually did reasonably rely and act on such representation to his prejudice.