The Doctrine of Promissory Estoppel Operates Only If the Representee

question 6

True/False

The doctrine of promissory estoppel operates only if the representee relies upon a statement made by the representor.

Understand the interdisciplinary nature of behavioral economics and its reliance on insights from psychology.

Realize the application of behavioral economics in marketing strategies, such as product placement.

Understand the concept and significance of strong organizational cultures.

Identify the role of founders and top management in shaping organizational culture.

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Definitions:

Tort Action

A lawsuit instigated by an individual who has suffered harm due to another's wrongful act, aiming to obtain a remedy such as monetary compensation.

Hearsay Evidence

Evidence presented in court based on what the witness has heard someone else say, rather than on direct personal knowledge.

Substantive Law

The set of laws that governs how members of a society are to behave. It defines rights and responsibilities in civil law, and crimes and punishments in criminal law.

Private Law

The rules that govern our personal, social, and business relations, which are enforced by one person’s suing another in a private or civil action