The Doctrine of Promissory Estoppel Does NOT Require A(n)

question 40

Multiple Choice

The doctrine of promissory estoppel does NOT require a(n) :

• A) promise.
• B) significant reliance on a promise.
• C) injustice as a result of reliance.
• D) consideration.

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Definitions:

First Mover

A company that gains a competitive advantage by being the first to enter a specific market or industry with a new product or service.

Advantage

A condition or circumstance that puts one in a favorable or superior position, often used in the context of competitive situations.

Sequential Games

Games or strategic situations where players make decisions one after another, with each player aware of the previous players' moves before making their own decisions.

First-mover Advantages

The competitive edge that a company gains by being the first to market with a new product or service.