Andy Thinks He Has Agreed to Paint Bill's Portrait for $500

question 54

Multiple Choice

Andy thinks he has agreed to paint Bill's portrait for $500, not including canvass and paints. Bill thinks the $500 rice covers both labour and materials. If neither party's interpretation is reasonable OR both are equally reasonable, the legal effect of this contract is:

• A) Unenforceable
• B) Void
• C) Voidable
• D) Enforceable

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Definitions:

T-Distribution

A probability distribution that arises in the sampling distribution of sample means, especially useful when the sample size is small and the population variance is unknown.

Population Mean

The average value of all members of a defined set of people, objects, events, or values of interest.

T Distribution Table

A table used in statistics that shows the critical values of the t-distribution, aiding in hypothesis testing and confidence interval estimation.

Degrees Of Freedom

A concept in statistical analysis that represents the number of values in a calculation that are free to vary without violating any given constraints.