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a party to a contract who seeks to rescind the contract because of that party's reliance on the unintentional but materially

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What is meant by the statement 'acceptance must be made in reliance of the offer?

the four elements of the contract must be complete


You want to see reliance mutual fund online statement?

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State two 02 requirements which make the misrepresentation actionable?

For a representation to be actionable: 1) It must be a false statement of fact or law (not a mere puff, statement of opinion or statement of intention) from the misrepresentor 2) The misrepresentee must have placed reliance on the misrepresentation 3) It is the misrepresentation that induced him into the contract


What is the vision statement of the reliance?

i dont know haha :)


What is the mission statement of reliance fresh?

Reliance Fresh is a retail store in India. There mission statement is for their company to be the biggest economy in the world and will happen because of domestic demand.


What is the difference between expectation and reliance damages in a contract dispute?

Expectation damages in a contract dispute refer to the amount of money needed to put the non-breaching party in the position they would have been in if the contract had been fulfilled. Reliance damages, on the other hand, compensate the non-breaching party for expenses incurred in reliance on the contract, even if they do not fully cover the expected benefits.


What is the mission statement of Reliance communications?

reliance values being an international leader in the distribution of wireless devices and communication in providing customized logistic.


What is the difference between restitution and reliance in terms of legal remedies for breach of contract?

Restitution is a remedy that aims to restore the injured party to the position they were in before the contract was breached, by requiring the breaching party to give back any benefits they received. Reliance, on the other hand, focuses on compensating the injured party for any expenses or losses incurred in reliance on the contract being fulfilled.


What is reliance interest and expectation interest?

Reliance interest is the losses which the innocent party has sustained as a consequence of relying on the wrongdoer's promise. The plaintiff is put back in the pre-contract position, that is, before they sustained losses. This remedy for breach is only used when it is impossible to prove or quantify the expectation interest. Expectation interest is where the court grants the innocent party the amount that they would have gained if the contract had not been breached by the wrongdoer. This is the standard remedy for breach of a contract because it includes restitution and reliance.


What is the difference between reliance damages and expectation damages in contract law, and how do parties determine which type of damages to seek in a breach of contract case?

Reliance damages compensate a party for expenses incurred due to relying on the contract, while expectation damages aim to put the non-breaching party in the position they would have been in if the contract was fulfilled. Parties consider factors like the nature of the breach and their specific losses to determine which type of damages to seek in a breach of contract case.


Is justifiable reliance an element of fraud?

Not really, justifiable or reasonable reliance on the promise of another can prevent the promisor from offering the defense that there was no consideration for their promise. An enforceable contract requires an offer, an acceptance, and a consideration (or a bargained for exchange). Under the doctrine of Promissory Estoppel, a promise can be held enforceable as a quasi-contract when it would be reasonably foreseeable to the promisor that the promisee would detrimentally rely on their promise. In that case the promisor would be liable to the promisee for reliance damages and possibly even expectancy damages.


Worlds largest storage tank?

IN RELIANCE IN RELIANCE IN RELIANCE IN RELIANCE