An Informal Contract Is Also Known as A(n)________ Contract

question 89

Multiple Choice

An informal contract is also known as a(n) ________ contract

• A) unilateral
• B) bilateral
• C) executed
• D) executory
• E) simple

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are from the mean.

Urban Airport

A landing and takeoff facility for aircraft, located within or near an urban area, often dealing with constrained space and requiring specific designs to minimize noise and pollution.

Normal Distribution

A bell-shaped curve that represents a distribution of values symmetrically clustered around the mean, significant in statistics and probability theory.

Probability

Probability is the branch of mathematics that deals with the likelihood of a given event's occurrence, ranging between 0 (impossible event) and 1 (certain event).