Most Counterfeit Goods Are Made in Markets in Which ________

question 73

Multiple Choice

Most counterfeit goods are made in markets in which ________ is the basis of the legal system.

• A)the rule of man
• B)the rule of law
• C)religious doctrine
• D)corporate precedent

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Definitions:

Promissory Estoppel

A legal doctrine that prevents a party from withdrawing a promise made to another party if the latter has relied upon that promise to their detriment.

Oral Contracts

Agreements between parties that are spoken rather than written but are still legally binding.

Real Estate Mortgage

A legal agreement where real property is used as collateral for a loan.

Statute of Frauds

A legal principle requiring certain types of contracts to be executed in writing to be enforceable.