When a Person Goes to Court to Have a Provision

question 41

Multiple Choice

When a person goes to court to have a provision of a contract interpreted,the court will

• A)ask a jury to determine the meaning of the words.
• B)assign its own meaning to the words.
• C)seek the most reasonable meaning that can be attributed to the words in the circumstances.
• D)examine the facts of the situation and then ask the parties what they meant.
• E)determine the meaning of the words by asking the parties what they meant.

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Definitions:

Type I Error

The mistaken dismissal of a valid null hypothesis, commonly known as a "false positive."

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true; often denoted by alpha.

Effect Size

A quantifiable measure of the magnitude of the difference between groups or the strength of a relationship in research findings.

Cohen

A surname often associated with statistical measures of effect size, such as Cohen's d for measuring the difference between two means.