Explain the Principle of Promissory Estoppel and How It Relates

question 184

Essay

Explain the principle of promissory estoppel and how it relates to the requirement of consideration in contract law. In your answer, explain any limitations on its availability.

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Definitions:

N Th

In mathematics, "n-th" refers to an unspecified member of a sequence, indicating its position with the variable n.

Geometric Sequence

A progression of numbers in which each term beyond the initial one is produced by the multiplication of the preceding term by a constant, non-zero multiplier called the common ratio.

Formula

A mathematical expression that describes a relationship among different quantities.

N Th Term

A formula that allows the calculation of any term in a sequence based on its position (n).