Contracts
What is 'equitable estoppel' in a Rhode Island real estate transaction?
AA fair price for the property
BA legal principle preventing a party from asserting a right or claim inconsistent with their prior conduct when another party has reasonably relied on that conduct✓ Correct
CAn equitable remedy awarding property to the buyer
DA court order to halt a foreclosure
Explanation
Equitable estoppel prevents a party from taking a legal position that contradicts their previous actions or statements when another party has reasonably relied on those actions or statements to their detriment.
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