Examlex
What is forecasting risk and why is it important to the analysis of capital expenditure projects?
What methods can be used to reduce this risk?
Promissory Estoppel
A legal principle that enforces a promise when someone else has reasonably relied on that promise to their detriment, even if a formal contract does not exist.
Consideration Substitute
Refers to a principle or factor that can stand in the place of consideration in certain contractual situations, allowing a contract to be enforceable without the traditional exchange of value.
Reliance
The act of depending on or trusting in something or someone, often used in legal contexts to denote reliance on a contract or promise.
Promissory Estoppel
A judicial doctrine that bars an individual from retracting a commitment once the other individual has justifiably depended on that pledge to their disadvantage.
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