Which of the Following Occurs When Three Conditions Are Met

question 60

Multiple Choice

Which of the following occurs when three conditions are met: one party makes a promise knowing the other party will rely on it; the other party does rely on it; the only way to avoid injustice is to enforce the promise?

• A) Promissory agreement
• B) Promissory estoppel
• C) Quasi estoppel
• D) Quasi agreement
• E) Promissory performance

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Definitions:

Back-End Loads

Fees paid by investors when selling mutual fund shares, often used to discourage quick or short-term trading.

Multiple Mutual

A term lacking a clear definition in standard financial parlance, potentially referring to strategies involving investments in various mutual funds. NO.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in relation to mutual funds or ETFs.

Year-End Assets

Year-End Assets refer to the total value of all assets that a company or individual owns at the end of a fiscal year.