Indicate Which of the Following Statements Is Correct About the Effect

question 111

Multiple Choice

Indicate which of the following statements is correct about the effect of promissory estoppel on a promisor.

• A) Promissory estoppel has no effect on a promisor because it only relates to statements of fact, not promises.
• B) Promissory estoppel must be distinguished from equitable estoppel.
• C) Promissory estoppel can be used as a defence only against a promisor who reneges on his promise.
• D) Promissory estoppel is known as injurious reliance in the United States and has the same effect in both American and Canadian law.
• E) When a victim relies on the promise and suffers injury, he can sue the promisor for compensation even where no consideration has been given in return for that promise.

Discern the difference between shareholder theory and utilitarianism and their implications for ethical business practices.

Understand the role of whistleblowing and its implications on a company’s reputation and ethical stance.

Identify strategies to avoid common decision-making pitfalls, such as confirmation bias and neglect of probability.

Understand the significance of mentorship and guidance in professional decision making.

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Definitions:

Credibility

The quality of being trusted and believed in, often influenced by an entity's reputation, reliability, and expertise.

Formal Tone

A style of communication that is polite, well-structured, often adhering to conventional standards, used in professional or serious contexts.

Texting

The act of sending and receiving short messages, typically text-based, through mobile phones or other devices.

Acronym-Filled Language

A style of communication densely populated with acronyms, often specific to a particular industry or group, which can obscure meaning for outsiders.