The Traditional Doctrine of Estoppel, Rather Than Promissory Estoppel, Requires

question 37

Multiple Choice

The traditional doctrine of estoppel, rather than promissory estoppel, requires proof

• A) of detrimental reliance by the representor.
• B) that one of the parties acted inequitably.
• C) of a representation regarding a past or present fact.
• D) of an intention to create a new contract.
• E) of either consideration or seals from both parties.

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Definitions:

Marginal Product

The increase in output that arises from an additional unit of input.

Economic Theory

The study of economies or economic systems, the behavior of economic agents, and the allocation of resources.

Workers' Wage

The monetary compensation paid to a worker for their labor.

VMPL

The Value of the Marginal Product of Labor, representing the additional income generated from employing one more unit of labor.