In Thorner V Major, Lord Neuberger Thought in Many Circumstances

question 17

True/False

In Thorner v Major, Lord Neuberger thought in many circumstances it would be difficult to establish detrimental reliance upon an assurance.

---

Definitions:

Compounded Monthly

A financial term describing the process where interest earned is added to the principal each month, leading to increased interest in the next month.

Lump Sum Payment

A single payment made at a particular time, as opposed to several smaller installments.

Compounded Monthly

This is the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Mutual Fund

An investment vehicle that pools money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities.