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Use the Poisson distribution to approximate the binomial probability P(x < 2) when n = 800, p = .002 .
Legal Sufficiency
The measure of whether a legal document or action meets the minimum requirements of the law to be enforceable.
Bilateral Contract
An agreement where each of the two parties makes a promise or set of promises to the other, creating mutual obligations.
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.
Stock Option
A financial instrument granting the holder the right, but not the obligation, to buy or sell a stock at an agreed-upon price within a certain period.
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