Under the Statute of Frauds,a Promise of Indemnity and a Promise

question 45

True/False

Under the Statute of Frauds,a promise of indemnity and a promise of guarantee must be in writing to be enforceable.

---

Definitions:

P-chart

A type of control chart used for monitoring the proportion of defective items in a process over time.

Control Limits

Boundaries in statistical process control that indicate the thresholds for when a process is in or out of control.

Process Capability Index

A statistical measure that quantifies how well a process can produce output within given specification limits.

Specification Limit

Predetermined bounds within which a product or process’s performance must fall to be considered acceptable, often used in quality control.