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Suppose that a constraint is given by X + Y ≤ 10. If another constraint is given to be 3X + 2Y ≥ 15, and if X and Y are restricted to be nonnegative, determine the corners of the feasible solution. If the profit from X is 5 and the profit from Y is 10, determine the combination of X and Y that will yield maximum profit.
Parol Evidence Rule
A rule in contract law that prevents parties from presenting evidence of prior or contemporaneous agreements that would contradict the terms of a written contract.
Ambiguous Terms
Words or phrases in a contract or agreement that are unclear and open to more than one interpretation.
Admission
A statement acknowledging the truth of something, often used in a legal context to refer to an acknowledgment of facts or responsibility.
Statute of Frauds
is a legal principle that requires certain contracts to be in writing and signed by the party to be charged, in order to be enforceable.
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