Which of the Following Is True for Applying Promissory Estoppels

question 61

Multiple Choice

Which of the following is true for applying promissory estoppels to a contract?

• A)Both parties must suffer legal detriment.
• B)Injustice would be caused if the promise were not enforced.
• C)They can be applied for illusory promise contracts.
• D)They can be applied for gift promise contracts.

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Definitions:

Bluffing

A strategy in negotiations or decision-making processes involving pretense or deception to gain an advantage.

Distributive Bargaining

A negotiation strategy in which parties seek to divide a fixed amount of resources, often resulting in a win-lose outcome.

Attitudinal Structuring

The process by which labor negotiations and management strategies aim to influence the attitudes and perceptions of the other party or the workforce.

Settlement Range

The range within which an agreement is acceptable to both parties involved in a negotiation, often determined by their respective needs and interests.