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Your nephew has always had a difficult personality. He is now in early childhood and is very aggressive in most things that he does. Your sister is very concerned and asks you what your thoughts are. You tell her that ____.
Substantial Reliance
A level of dependence on a promise or statement significant enough to alter one's position, often referenced in contract law.
Detrimental Reliance
A legal concept where a party suffers a loss because they relied on a promise or representation that was later breached or not fulfilled.
Creditor
A creditor is an entity (person or institution) that lends money or extends credit to another entity, expecting to be repaid in the future.
Sole Proprietor
An individual who owns and operates a business alone, bearing full responsibility for its debts and obligations.
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