Between 1914 and 1945, International Trade and Investment Dropped and Barriers

question 34

True/False

Between 1914 and 1945, international trade and investment dropped and barriers to the free movement of people and ideas were created by many governments.

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise.

Equitable Estoppel

A legal principle that prevents a party from denying or asserting anything to the contrary of a previous commitment or action if it would be unjust or harm the other party who relied on the initial stance.

Injurious Reliance

Refers to a situation where a party suffers harm or loss as a result of relying on false or misleading statements or promises made by another party.

Legal Right

A legal right is an entitlement derived from legal principles or law, granting the holder a legally enforceable claim to act or require others to act in a certain way.