List the Elements Necessary for the Doctrine of Promissory Estoppel

question 62

Essay

List the elements necessary for the doctrine of promissory estoppel to be applied.

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Definitions:

Short-term Memory

A temporary store for information, capable of holding a small amount of data for a short period before it is transferred to long-term memory or forgotten.

Long-term Memory

The phase of memory responsible for the storage of information over extended periods, potentially as long as a lifetime.

Disequilibrium Principle

The state of imbalance or disequilibrium in an eco-system or in a market, which can lead to significant shifts or adjustments within that system.

Classical Conditioning

A learning process that involves creating associations between a naturally occurring stimulus and a previously neutral stimulus.