AIC 301 - Test Prep
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Which one of the following statements correctly expresses a
distinction between waiver and estoppel?
A. Only waiver prevents an insurer from reviving a defense it
has forfeited earlier.
B. The parol evidence rule applies to estoppel, but not to
waiver.
C. Estoppel is contractual in nature, but waiver is equitable in
nature.
D. Estoppel requires resulting injury or detriment by the party
asserting it. - Answer: D. Estoppel requires resulting injury or
detriment by the party asserting it.
Allison sued George for breach of contract and the term
"contractual consideration" was at issue. In court, the term
would be given its
Comprehensive Study Guide +
Exam Questions & Solutions
Graded A+
Professional Academic Assistance Services
Services Offered
• Proctored Exam Assistance
• Online Class Management (Full Course Support)
• Exam Preparation & Study Materials
• Assignments and Coursework Support
• Essay and Research Paper Writing
• Discussion Posts & Responses
• Editing and Proofreading
• Confidential Academic Consultation
Contact Information
Email:
WhatsApp link: https://wa.me/254704846336
Fast Response | Confidential | Reliable Academic
, Support
Helping Students Achieve Academic Excellence
Which one of the following statements correctly expresses a
distinction between waiver and estoppel?
A. Only waiver prevents an insurer from reviving a defense it
has forfeited earlier.
B. The parol evidence rule applies to estoppel, but not to
waiver.
C. Estoppel is contractual in nature, but waiver is equitable in
nature.
D. Estoppel requires resulting injury or detriment by the party
asserting it. - Answer: D. Estoppel requires resulting injury or
detriment by the party asserting it.
Allison sued George for breach of contract and the term
"contractual consideration" was at issue. In court, the term
would be given its
