Which of the Following Is True of an Equitable Estoppel

question 24

Multiple Choice

Which of the following is true of an equitable estoppel?

• A) It contains provisions to exempt the party that has misrepresented the facts from being sued.
• B) It states that any oral or written words outside of the four corners of a written contract are inadmissible in court regarding a dispute over a contract.
• C) It contains a detailed definition section-usually called a glossary-that defines many of the words and terms used in a contract.
• D) It prevents the promisor from raising the Statute of Frauds as a defense to the enforcement of an oral contract.

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Definitions:

R&D

Research and Development; activities in businesses or organizations aimed at gaining new knowledge or finding innovative applications of existing knowledge.

Forecast Cells

In modeling and simulation, parts of a spreadsheet or model designated for predicting future values based on historical data and regression analysis.

Simulation

A method or process of modelling a real phenomenon with a set of mathematical formulas. It is often performed with the help of computers to analyze the behavior of a system.

Overbooked Customers

A situation in service industries where more reservations or bookings are accepted than there is capacity for, leading to potential inability to serve all customers.