Examlex

Solved

Identify the Correct Incidence Ranking from Most Common to Least

question 77

Multiple Choice

Identify the correct incidence ranking from most common to least, as assessed in the "strange situation":


Definitions:

Promissory Estoppel

A legal principle that prevents a person from going back on a promise, even if it was not formally made as a contract, if it was reasonable to rely on that promise and doing so caused harm.

Refund

A repayment to someone of money they have previously paid.

Legal Obligation

A duty enforced by law whereby an individual or entity is required to perform or refrain from performing a certain action.

Consideration

In legal terms, it's something of value exchanged between parties in a contract, making the agreement binding.

Related Questions