Which of the Following Involves the Legal Enforcement of an Otherwise

question 15

Multiple Choice

Which of the following involves the legal enforcement of an otherwise unenforceable contract due to a party's detrimental reliance on the contract?

• A) Promissory estoppel
• B) Substantial estoppel
• C) Promissory rule
• D) Reliance rule
• E) Promissory reliance

Understand the legal effects and requirements of a valid assignment and delegation.

Analyze the role and rights of third parties in assignments and delegations, including third-party beneficiaries.

Interpret the implications of anti-assignment clauses and their enforceability.

Describe the necessary steps and procedural requirements for a valid assignment, including notification obligations.

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Definitions:

Policy-Making Decisions

The process involving the development and implementation of strategies and guidelines to govern the actions and future direction of an entity.

Voting Power

The total number of votes that can be cast in decision-making processes within a corporation, often directly linked to the amount of shares held.

Significant Influence

The power to participate in the financial and operating policy decisions of a business but is not control or joint control of those policies.

Voting Shares

Shares that give the holder the right to vote on company matters, such as electing the board of directors, at shareholder meetings.