Since Melissa Is Starting a Daycare Centre in Her Home

question 10

Essay

Since Melissa is starting a daycare centre in her home, what business risks should be insured? How can an insurance agent assist in the insurance evaluation process?

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Definitions:

Reasonable Time

An amount of time that is fair and appropriate under the circumstances to perform a legal duty or obligation.

Promissory Estoppel

A legal principle that prevents a promisor from going back on a promise when the promisee reasonably relies on that promise to their detriment.

Revocations

The act of officially cancelling or withdrawing something, such as a license, permission, or legal right.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.