The doctrine of promissory estoppel requires a clear and definite promise. (True/False)

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 24, 2024 12:00 AM

See More Questions

Foreign market opportunities do not always parallel corporate objectives and resources. True False
Two stocks each currently pay a dividend of $1.50 per share. It is anticipated that both firms' dividends will grow annually at the rate of 5 percent. Firm A has a beta coefficient of 0.95 while the...
Mr. Chan (a private banking client) would like to add exposure on Hang Seng Index after the sharp year- to-date correction. He would like to seek for advice on various strategies to implement his...
Nanette works for Piroz and is paid a basic wage of $1,000 a week. Piroz operates the following bonus scheme: (1) Each employee gets a bonus of $4 for every unit they produce in excess of 2,000 units...
A Canadian company wishes to create a Canadian LIBOR futures contract from a U.S. Eurodollar futures contract and forward contracts on foreign exchange. Using an example, explain how the company...
Identify and cite Internal Revenue Code sections and legal court rulings that determine whether an Individual Retirement Account can invest in artwork such as paintings and sculptures
Researching Homes for Sale. Conduct online research of homes for sale in your area. What features do you believe would appeal to potential buyers? What efforts were made to attract potential buyers...
Uncle Elmo is contemplating a $10,000 investment in a methane gas generator. He estimates his gross income would be $2000 the first year and increase by $200 each year over the next 10years. His...
Consider a firm that pays no dividends. Next years earnings are projected to be $1,500,000. The present value of growth opportunities is estimated to be $13,500,000. Suppose that there are 250,000...
Damba offers to buy a book owned by Lee for $40. Lee accepts and hands the book to Damba. The transfer and delivery of the book constitutes performance. Is this performance consideration for Dambas...
Promissory estoppel may prevent a party from using lack of consideration as a defense. (True/False)
New machinery, which replaced a number of employees, was installed and put in operation in the last month of the fiscal year. The employees had been dismissed after payment of an extra months wages,...
Arrow Company processes a food seasoning powder through its Compounding and Packaging departments. In the Compounding Department, direct materials are added at the beginning of the process, and...
The 2017 financial statements of LVMH Moet Hennessey Louis Vuitton S.A. are presented in Appendix C at the end of this book. LVMH is a Paris-based holding company and one of the world's largest and...
Repeat Problem 10.E1, except design a packed column using 1-in. metal Pall rings. Do the calculations at the top of the column. Approximate HETP for ethanol-water is $0.366 \mathrm{~m}$. At...
We are separating an ethanol-water mixture in a column operating at atmospheric pressure with a total condenser and a partial reboiler. Constant molal overflow (CMO) can be assumed, and reflux is a...
Corporate Social Responsibility Problem The Global Reporting Initiative (GRI) is a networkbased organization that has pioneered the development of the world's most widely used sustainability...
A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest for the account is to be 6% compounded quarterly and the account is to...
For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, and assign these costs to units completed and transferred out, and to units in ending work in process....
Tandy purchased a washing machine from Marshall Appliances. The sales contract included a provision explicitly disclaiming all express or implied warranties, including the implied warranty of...
Sam, a farmer, needs to place a two-thousand-pound piece of equipment in his barn. The equipment must be lifted thirty feet into a hayloft. Sam goes to Durham Hardware and tells Durham that he needs...
Should gun manufacturers be required to warn of the dangers associated with gun use? Why or why not?
Nitin is paid a base salary of $200 per week and commission at the rate of 3% for sales over $5000, 4% if his sales are over $8000, and 5% if sales are over $15,000. How much will Nitin earn in a...
Safa is paid a base salary of $1500 per month and a commission of 6% on all sales over $75,000. Last month, Safa's gross salary was $4440. What were her sales for the month? a$149,000 b$124,000...
Your regular hourly rate of pay is $15.86, and you are paid double time for all work on weekends and for any time over forty hours per week (Monday to Friday). Calculate your gross earnings for a...

The doctrine of promissory estoppel requires a clear and definite promise. (True/False)

Question:

Step by Step Answer:

True The doctrine of promissory estoppel does require a clear and definite promise In ...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions