In What Ways Are the Use of Seals and the Doctrine

question 42

Multiple Choice

In what ways are the use of seals and the doctrine of promissory estoppel similar?

• A) Both are ways to create contracts.
• B) Both may render a gratuitous promise enforceable.
• C) Both may be arbitrarily revoked.
• D) Both are exceptions to the rule that offers lapse after a reasonable period of time.

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Definitions:

Antitrust

Laws and regulations designed to promote competition and prevent monopolies in the market.

Organized Recreation

Structured forms of leisure activities that are planned or regulated by organizations or institutions, aimed at providing entertainment or skill development.

Spontaneous

Occurring without apparent external cause; arising naturally and unexpectedly.

Technology

The application of scientific knowledge for practical purposes, especially in industry, including the invention and use of technical means and their interrelation with life, society, and the environment.