Tulume Argues with Brenda That the Law of Contracts Is

question 21

Multiple Choice

Tulume argues with Brenda that the law of contracts is primarily statutory law. Is he correct?

• A) No, the law of contracts is known as comprehensive law.
• B) Yes, statutory law is the primary law of contracts.
• C) No, the common law is the primary law of contracts.
• D) No, the restated contracts cases are the primary law of contracts.
• E) No, there is no primary source of contract law, it is a big mixture of different bodies of law.

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Definitions:

Sample Proportion

The fraction of units in a sample that possesses a particular attribute or characteristic.

Population Proportion

The ratio of individuals in a subgroup of a population to the total population, often expressed as a percentage.

Variance

A measure of the dispersion or spread of a set of data points around their mean (average) value, indicating how far the data points are from the mean.

Unbiased Estimator

A statistical estimator whose expected value is equal to the parameter it estimates, indicating it does not overestimate or underestimate the true value.