Examlex
All of the following illustrate lessons learned regarding the 2008-2009 financial crisis, except
Reasonable Time
An amount of time that is fair and appropriate under the circumstances to perform a legal duty or obligation.
Promissory Estoppel
A legal principle that prevents a promisor from going back on a promise when the promisee reasonably relies on that promise to their detriment.
Revocations
The act of officially cancelling or withdrawing something, such as a license, permission, or legal right.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.
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