What Are the Functions of and Differences Between a Flexible

question 49

Essay

What are the functions of and differences between a flexible manufacturing system and a flexible manufacturing cell?

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Definitions:

Promissory Estoppel

A legal principle that prevents a promisor from reneging on a promise when the promisee has relied on that promise to their detriment.

Consideration

In contract law, consideration refers to something of value exchanged between parties, which is necessary for a contract to be legally binding.

Legal Detriment

A loss or disadvantage that occurs as a result of a contract or agreement, serving as consideration for a promise in contract law.

Firm Offer

In contract law, a proposal made by a seller to supply goods or services at a fixed price, which cannot be withdrawn for a certain period.