Which of the Following Is True of Applying Promissory Estoppels

question 73

Multiple Choice

Which of the following is true of applying promissory estoppels to a contract?

• A) Both parties must suffer legal detriment.
• B) Injustice would be caused if the promise were not enforced.
• C) They can be applied for illusory promise contracts.
• D) They can be applied for gift promise contracts.

Understand the federal actions taken to improve safety in chemical facilities post-incident.

Comprehend the concept of corporate social responsibility and its impact on business profitability.

Know the key legislation addressing workplace safety and health hazards in the U.S.

Recognize the visibility and nature of workplace hazards.

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Definitions:

Audit Committees

A subcommittee of a company's board of directors responsible for overseeing financial reporting and disclosure.

Working Papers

Documents that contain the data and analysis used by accountants and auditors as part of their examinations.

Data-Gathering Process

The systematic procedure of collecting, measuring, and analyzing accurate data for research or assessment purposes.

Conclusions Drawn

Inferences or judgments made after considering all the available evidence and arguments.