You made a statement that induced a person to act as a result of relying on that statement. The legal principle that now prevents you from asserting facts that are contrary to your previous declaration is known as
A. estoppel.
B. ratification.
C. respondeat superior.
D. laches.
Answer: A. estoppel.
Business
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The Freedom of Information Act of 1966 is designed primarily to do which one of the following?
A. To give media access to all meetings and proceedings in government B. To promote full disclosure from the executive branch of government C. To make such law consistent across the 50 states D. To make both documents and computer files available to the public E. To give everyone access to information about different religious faiths
Business
When a large number of line items limits the usefulness of the income statement, companies use a single-step income statement
Indicate whether the statement is true or false.
Business