What is the doctrine of promissory estoppel and when is it used?
Promissory estoppel is a doctrine used to enforce noncontractual promises where there has been justifiable reliance on the promise and justice requires the enforcement of the promise. It is used to avoid injustice when the promisor reasonably expected that the promisee, in reliance on the promise, would be induced to take definite and substantial action or to forbear, and the promisee does take such action or does forbear. In such a situation, a court will enforce the promise to the extent necessary to avoid injustice.
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Poor execution in product development often results from
A. a preference for speed. B. not enough people doing the work. C. excessive market research. D. significant due diligence. E. resource scarcity.
A field warehouse, under Article 9 of the UCC, is:
a. one kind of a pledge. b. a common arrangement for financing inventory. c. an agreement that allows the debtor access to the pledged goods and simultaneously gives the secured party control over the pledged property. d. All of these.
There is a current trend away from areas where organized labor is weak and pay rates are low.
Answer the following statement true (T) or false (F)
Brad is a transportation coordinator for Volkswagen of North America. In order to move a large order of vehicles from a plant in Germany to Chicago, he is planning to use both waterways and railroads. The combining and coordinating of these two modes of transportation in order to take advantage of benefits offered by each of the different types of carriers is called
A. intermodal transportation. B. transportation piggybacking. C. containerized movement. D. efficiency transportation E. freight forwarding.