When a Contract Is Sealed

question 7

Multiple Choice

When a contract is sealed,

• A) a party indicates his or her intention to be bound by the terms because a breach of contract could result.
• B) the document is tightly closed.
• C) the document may be used as evidence in court proceedings.
• D) a party indicates his or her intention to be bound by the terms of a contract even though the promisee may not have provided consideration to support the promise.
• E) the promisor swears an affidavit that the contents of the document are true.

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Definitions:

Day Students

Students who attend school or college during the day but do not live on campus.

Night Students

Individuals who attend educational courses or classes during the evening or nighttime, often due to daytime commitments.

Variance

A measure of the dispersion or spread of a set of values, quantified as the average of the squared deviations from the mean.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it defines the cutoff between significant and non-significant results.