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The UCL and LCL for an chart are 25 and 15 respectively. The central line is 20, and the process variability is considered to be in statistical control. The results of the next six sample means are 18, 23, 17, 21, 24, and 16. What should you do?
Consideration
A value that is exchanged between parties in a contract, making the agreement legally binding.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another party, if the latter has reasonably relied on that promise to their detriment.
Hamer v. Sidway
A landmark case in contract law regarding forbearance as consideration, where a promise not to do something can be as legally binding as a promise to do something.
Unforeseen Circumstances
Situations or events that could not have been predicted or expected, often leading to disruptions in agreements or plans.
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