Briefly Describe the Requirements That Must Exist Before a Promissory

question 25

Essay

Briefly describe the requirements that must exist before a promissory estoppel will arise.

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Definitions:

One-Year Warranty

A guarantee given by the seller or manufacturer to the buyer that a product will be free from defects for a period of one year from the date of purchase.

Psychodynamically Oriented

Pertaining to therapeutic or theoretical approaches that focus on unconscious processes and the influence of early experiences on current behavior.

Environmental Forces

External factors such as economic, technological, legal, and social factors that affect an individual or organization's ability to operate or achieve its goals.

Internal Perspective

Focuses on examining internal attributes, motives, and processes that influence an individual's behavior and decisions.