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Discuss How and Why Promissory Estoppel Might Come into Play

question 73

Essay

Discuss how and why promissory estoppel might come into play when a contract is being discharged or changed by agreement.


Definitions:

Entrepreneurial Cultures

Organizational environments that promote innovation, risk-taking, and proactive pursuit of opportunities.

Mid-Sized Companies

Businesses that occupy the middle ground in terms of their revenue, number of employees, and overall market presence, between small and large companies.

Clan Culture

An organizational culture characterized by a family-like atmosphere, where loyalty, tradition, and personal commitment are valued.

Socialization Process

The method through which individuals learn the norms, behaviors, and social skills appropriate to their society or culture.

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