One of the Best Ways to Address Both Shoplifting and Employee

question 20

Multiple Choice

One of the best ways to address both shoplifting and employee theft is through

• A) security personnel.
• B) technology.
• C) increasingly severe penalties.
• D) warning notices.

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise if the other party has reasonably relied on that promise to their detriment.

Revocation

The act of withdrawing, repealing, or cancelling a right, permission, or contract.

Effective Acceptance

The expression of assent to the terms of an offer in a manner requested or authorized by the offeror, resulting in a binding contract.

Firm Offer

An offer in a contract that is expressed in a way that it cannot be revoked for a certain period of time.