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@KnowledgeableRitzyWasp: can I ask what “2 years retroactive withdrawals” means
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LSDefine
Simple English definitions for legal terms
laches, estoppel by
Read a random definition: bill of adventure
A quick definition of laches, estoppel by:
Estoppel is a legal term that means you can't say or do something that goes against what you've said or done before, or what has been established as true by law. It can also mean that you can't keep arguing about something that has already been decided. There are different types of estoppel, like when someone makes a false statement that causes someone else to believe something and act on it, or when someone doesn't speak up when they should have. Estoppel is used to prevent unfairness and protect people from being harmed by others' actions or words.A more thorough explanation:
Definition: Estoppel is a legal principle that prevents a person from asserting a claim or right that contradicts what they have said or done before or what has been legally established as true. It can also prevent the relitigation of issues. There are different types of estoppel, including equitable estoppel, estoppel by deed, and collateral estoppel.
Example: If a person sells a car to someone and later claims that they still own the car, they may be estopped from making that claim if they had previously signed a document stating that they sold the car. This is an example of estoppel by deed.
Explanation: In this example, the person's previous statement in the document they signed prevents them from asserting a claim that contradicts it. The principle of estoppel prevents them from denying the truth of their previous statement.