Equitable Estoppel Precludes a Person from Claiming a Right or Benefit

question 21

Short Answer

Equitable estoppel precludes a person from claiming a right or benefit that might otherwise have existed because that person made a ______________________________ to someone else who relied on it to his or her detriment.

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Definitions:

Currency Value

The worth of one country's currency in terms of another's, influencing international trade and economic balance.

Fiat Currencies

Money that a government has declared to be legal tender, but it is not backed by a physical commodity.

Cryptocurrencies

Electronic currencies employing cryptography to secure transactions and operating autonomously from any central banking institution.

Legal Tender

Currency that must be accepted if offered in payment of a debt, officially issued by a government or monetary authority.