Brudenell-Bruce, Earl of Cardigan v Moore and another [2012] EWHC 1024 (Ch), [2012] All ER (D) 108 (Apr)
It was settled law that a statement in a deed was capable of giving rise to an estoppel. If a recital contained a statement which a party to the deed was to be taken to have agreed to admit as true, the statement was binding on him. The interpretation of a document involved looking at the meaning that it would convey to a reasonable person having all the background knowledge which would reasonably have been available to the parties.