If a Contract Is Not Evidenced in Writing This Does

question 101

Essay

If a contract is not evidenced in writing this does not make it void under the Statute of Frauds; it is merely unenforceable. Explain this distinction.

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Definitions:

Normal Distribution

A bell-shaped frequency distribution curve where most occurrences take place in the middle of the range and taper off symmetrically towards both ends.

Standardized Normal Value

A value derived from the process of transforming a data point to fit the normal distribution with a mean of 0 and a variance of 1.

Z-value

A statistical metric indicating how many standard deviations away from the mean a specific data point lies.

Random Variable

A random variable is a variable whose values depend on outcomes of a random phenomenon.