The Doctrine of Estoppel Would Most Often Apply in Situations

question 46

Multiple Choice

The doctrine of estoppel would most often apply in situations of:

• A) implied authority.
• B) apparent authority.
• C) transaction authority.
• D) actual authority.

---

Definitions:

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering problem-solving abilities.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Base-Rate Information

Statistical information about the relative frequency of events or characteristics within a given population.