Examlex

Solved

When Teaching Community Preparedness for a Community Group, the Nurse

question 23

Multiple Choice

When teaching community preparedness for a community group, the nurse explains that components of the National Disaster Medical System (NDMS) provide for: (select all that apply)

Understand the principle of promissory estoppel and its relationship with the concept of consideration in contract law.
Analyze the limitations and conditions under which promissory estoppel is available as a defence or claim in contract disputes.
Apply the concept of promissory estoppel to real-life contractual disputes and assess the potential outcomes.
Evaluate the legal obligations and rights arising from verbal agreements and modifications to existing contracts.

Definitions:

Effective Immediately

A term indicating that something is to be applied or become operative from the moment it is declared.

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers from price gouging.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, resulting in market equilibrium.

Market-Determined Price

A price outcome established through the interaction of supply and demand, without external controls.

Related Questions