Examlex
Which of the following is the MOST accurate?
Promissory Estoppel
A legal principle that prevents a promisor from denying the promise or going back on it if the promisee has reasonably relied on the promise to their detriment.
Promisee
The individual or entity to whom a promise or commitment is made in an agreement.
Reliance
Acting based on trust in something or someone, or in contract law, actions taken based on a promise or agreement.
Contract Modifications
Contract modifications are changes or amendments to the terms of an existing contract, agreed upon by all parties involved.
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