A Unilateral Contract Is ________

question 90

Multiple Choice

A unilateral contract is ________.

• A) a promise for an act
• B) a promise for a promise
• C) an act for an act
• D) an exchange of money

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Definitions:

Type II Error

A statistical error that occurs when a test fails to reject a false null hypothesis, also known as a false negative.

Effect Size

A quantitative measure of the strength of a phenomenon or the magnitude of a difference between groups in a statistical analysis.

Significance Level

A threshold used in hypothesis testing that determines the probability of rejecting a null hypothesis when it is actually true.

Type I Error

The incorrect rejection of a true null hypothesis, also known as a "false positive."