Which of the Following Is Most Likely to Make a Contract

question 3

Multiple Choice

Which of the following is most likely to make a contract unenforceable?

• A)Lack of writing
• B)Lack of consent
• C)Lack of enthusiasm
• D)Lack of value

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Definitions:

Population

The entire group of individuals or instances about whom the data is to be collected or researched.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, often denoted by alpha.

Type I Error

The error that occurs when a true null hypothesis is incorrectly rejected, often denoted as the false positive rate.

Type II Error

A Type II error occurs when a statistical test fails to reject a false null hypothesis, indicating a false negative result.