The Traditional Doctrine of Estoppel, Rather Than Promissory Estoppel, Requires

question 42

Multiple Choice

The traditional doctrine of estoppel, rather than promissory estoppel, requires proof

• A)of either consideration or seals from both parties.
• B)of a statement regarding a past or present fact.
• C)of detrimental reliance by the representor.
• D)that one of the parties acted inequitably.
• E)of an intention to create a new contract.

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Definitions:

Flexibility Option

An investment option that provides the holder with the ability to respond to changes in the financial market or business environment.

Surrogate Beta

Surrogate beta is a method used in finance to estimate the beta of a project or investment by using the beta of a similar, publicly traded company or project as a proxy.

Pure Play Method

A valuation technique that involves comparing the firm of interest to another company that has a single line of business similar to the target company.

Real Option

The right, but not the obligation, to undertake certain business initiatives, such as deferring, abandoning, expanding, staging, or contracting a project at a future date.