This Type of Contract Is Sometimes Referred to as an Implied-In-Law

question 79

Multiple Choice

This type of contract is sometimes referred to as an implied-in-law contract but are not actually contracts.

• A) Fictional-contracts
• B) Quasi-contracts
• C) Implied-in-fact contracts
• D) Expression contracts or implied-in-fact contracts
• E) Simple contracts and quasi-contracts

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Definitions:

Standard Deviations

a measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the average of the set.

MTBF Distribution

Mean Time Between Failures (MTBF) Distribution refers to the probability distribution that represents the time between failures in a system or component, helping in reliability analysis.

Breakdown Maintenance

A reactive maintenance strategy that involves repairing or restoring equipment only after it has failed.

Preventive Maintenance

Regular and routine maintenance to help keep equipment running smoothly and prevent any unplanned downtime due to unexpected equipment failure.