Should Promissory or Equitable Estoppel Only Be Used as a Defence

question 33

Essay

Should promissory or equitable estoppel only be used as a defence?

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or business activity.

Full Costs

This refers to the comprehensive total amount that includes all relevant costs of production, including direct, indirect, fixed, and variable costs.

Cost of Goods Sold

The historical cost of products sold as reported in the income statement.