Which of the Following Statements Is Correct with Respect to Promissory

question 161

Multiple Choice

Which of the following statements is correct with respect to promissory estoppel (equitable estoppel) ?

• A) Where Barbra relies on Raylene's promise and suffers a loss, Barbra can sue Raylene for compensation even though the promise is gratuitous.
• B) Where Hank and Jim have a contract and Hank releases Jim from part of Jim's obligation, Jim can use that release, even though it was given without consideration, as a defence if Hank sues for breach of contract.
• C) Promissory estoppel means that Donna cannot revoke her offer where she has promised to hold it open for a specific period of time.
• D) Where Able requests services from Cain, the doctrine of promissory estoppel requires a reasonable price to be paid even where no specific amount was agreed.
• E) Promissory estoppel refers to the principle that, where a document is in writing and under seal, it is enforceable even where there is no consideration.

Appreciate the significance of vigilant investors and investment fund managers in the efficient operation of an economy.

Analyze how interest rates affect stock market values and the reasoning behind these effects.

Understand the advantages of indexed equity mutual funds over managed equity funds.

Explain the random walk theory of stock prices and its implications for stock market investors.

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Definitions:

Kidney Damage

Harm or impairment of kidney function, which can result from various causes including disease, infection, or physical injury.

Aldosterone

A hormone produced by the adrenal gland that helps regulate blood pressure by controlling sodium and potassium levels in the blood.

High Blood Pressure

A condition where the force of the blood against the walls of blood vessels is consistently too high, leading to health risks.

Sodium

A chemical element with symbol Na and atomic number 11, essential for human health, primarily found in the extracellular fluid.