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Explain any limitations on the availability of promissory estoppel.
Financial Distress
A situation where a company is struggling to meet its financial obligations and is at risk of bankruptcy.
Receivables
Receivables are amounts owed to a business by its customers for goods or services delivered on credit, considered a current asset on the balance sheet.
Day-to-Day Operations
The routine activities that are necessary for a business or organization to function efficiently on a daily basis.
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