The doctrine of promissory estoppel does NOT require:
A. consideration.
B. significant reliance on a promise.
C. injustice as a result of reliance.
D. apromise.
Answer: A
You might also like to view...
Jill Scott is an accountant with Cameron and Associates, a law firm in downtown Seattle. The firm maintains a checking account with Southern Rock Bank for its operating expenses
On the 10th of every month, Jill gets an inventory report from the office manager listing the office supplies that are needed. Jill places the appropriate orders with Office Depot and writes them a check against the office's checking account. Who is the drawee in this banking transaction? A) Jill Scott B) Office Depot C) Cameron and Associates D) Southern Rock Bank
A company makes a single product that it sells for $16 per unit. Fixed costs are $76,800 per month and the product has a contribution margin ratio of 40%. If the company's actual sales are $224,000, its margin of safety is:
A. $128,000 B. $32,000 C. $96,000 D. $192,000
________ is the third step in the four-component model of ethical decision making and reflects an authority's degree of commitment to the moral course of action.
A. Moral awareness B. Moral intensity C. Moral attentiveness D. Moral intent E. Moral judgment
Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $185,000, expenses of $103,700, and withdrew $18,000 from the business during the current year. The owner's capital account before closing had a balance of $297,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
A. Debit T. Westmont, Capital $81,300; credit Income Summary $81,300 B. Debit Income Summary $81,300, credit T. Westmont, Capital $81,300 C. Debit T. Westmont, Capital $297,000; credit Income Summary $297,000 D. Debit Income Summary $63,300; credit T. Westmont, Capital $63,300 E. Debit T. Westmont, Capital $63,300; credit Income Summary $63,300