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Event 2C
Given the following event:
Given two urns, one containing 3 white, 4 blue, and 5 pink balls, and the other containing 2 white, 3 blue, and 7 pink balls. A single ball is drawn from each.
-Given Event 2C, what is the probability that both balls are pink?
Negotiable Instruments
Negotiable instruments are written orders or unconditional promises to pay a fixed amount of money on demand or at a set time to the bearer or to the order of a specified person.
Consideration
Something of value that is exchanged between parties within a contract, giving it legal validity.
Offer And Acceptance
Fundamental concepts in contract law which determine when an agreement exists between two parties. An offer is a proposal while acceptance is the agreement to that proposal.
Negotiability
The quality of a financial instrument that allows it to be transferred or assigned from one party to another with ease.
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