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Compute the Probability of an Event Using the Complement Rule
-The following Venn diagram is for the six sample points possible when rolling a fair die. Let A be the event rolling an even number and let be the event rolling a number greater than 1 . Which of the following events describes the event rolling a 1 ?
Hamer v. Sidway
A landmark 1891 New York Court of Appeals case that established the principle of forbearance (refraining from an action) as valuable consideration in contract law.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.
Consideration
In contract law, something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Illusory Promises
Commitments made in a contract that are vague or unenforceable because they do not bind the promisor to a specific action.
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