Examlex
Which of the following statements is not true?
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise if the other party has significantly relied on that promise to their detriment, even if there is no formal contract.
Statute Of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.
Profit Sharing
A corporate incentive plan where employees receive a portion of the company's profits, linking compensation to the company's financial performance.
Boundary Disputes
Conflicts between landowners or jurisdictions over the precise line that divides one entity from another.
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