Examlex
The credit crisis is mostly attributed to the use of:
Promissory Estoppel
A legal principle that prevents a promisor from going back on a promise when the promisee reasonably relies on that promise to their detriment.
Revocations
The act of officially cancelling or withdrawing something, such as a license, permission, or legal right.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.
Unilateral Contracts
Agreements in which one party makes a promise in exchange for the other party's performance, not a promise in return.
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