Ordinarily, a Promise to Perform an Existing Legal Obligation Is

question 46

Multiple Choice

Ordinarily, a promise to perform an existing legal obligation is:

• A) not consideration.
• B) binding if the promisor promises to perform with extra care.
• C) binding if the promisor promises to perform to suit the personal satisfaction of the promisee.
• D) binding if the promisee would experience substantial loss due to breach of the promise.

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Definitions:

Standard Deviation

A metric that gauges the extent to which a collection of numbers is spread or varies.

Variance

A measure of how spread out a set of data is, specifically, the average of the squared differences from the mean.

Compute

To calculate or process information by performing mathematical operations, often using a computer.

Unbiased Estimates

Statistical estimates that are expected to be equal to the true value of the parameter being measured, not systematically over or underestimating the true value.