Examlex
Which of the following would be an example of a consumer heuristic?
Withdrawing Offer
The action of retracting a proposal or bid before it is accepted, rendering it void.
Promissory Estoppel
A legal principle preventing a party from withdrawing a promise that another party has reasonably and substantially relied on to their detriment.
Consensus
General agreement or harmony among a group of people or the collective judgment, position, and opinion of a group.
Formation Of Contract
The legal process by which an agreement between parties becomes legally enforceable, usually involving offer, acceptance, consideration, and mutual intent.
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