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When economists make
Promissory Estoppel
A legal principle preventing someone from arguing that an unenforceable promise they made should not be upheld, because the other party relied on that promise to their detriment.
UCC
All commercial activities in the United States are subject to the intricate legal structure of the Uniform Commercial Code.
Promissory Estoppel
A legal concept that bars a person from canceling a promise made to someone else if that individual has sensibly relied on the promise to their misfortune.
Contract
A contract between two or more parties that is recognized and enforceable under the law.
Q51: The two major problems caused by asymmetric
Q85: A normative economic statement such as "The
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Q212: Refer to Figure 2-14. If this economy
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Q245: In the simple circular flow diagram, the
Q413: The essence of science is<br>A)the laboratory experiment.<br>B)the
Q416: When two variables have a positive correlation,<br>A)they
Q470: Refer to Figure 2-17. The curves shown
Q567: Refer to Figure 2-15. Consider the production