According to the Restatement (Second)of Contracts: "A Contract Is a Promise

question 55

True/False

According to the Restatement (Second)of Contracts: "A contract is a promise or a set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty."

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Definitions:

Random Selection

The process of choosing a sample from a population in such a way that each member has an equal probability of being chosen.

Random Sample

A sample drawn from a population where every member had an equal opportunity to be selected.

Sample Mean

The average of all the values in a sample, used as an estimate of the population mean.

Proportion

A statistical measure that denotes the fraction or percentage of the total that exhibits a particular trait or characteristic.