Examlex
A system is to be composed of 10 identical components in series. What is the lowest reliability component that can be used in order to have an overall system reliability of 0.90?
Executory Contract
A contract under which both parties have not yet fully performed their contractual obligations.
Genuine Contracts
Contracts that are legally binding and enforceable, characterized by mutual assent, consideration, capacity, and legality.
Implied in Fact Contracts
Contracts arising from the conduct of the parties, indicating a mutual intention to contract, without explicit verbal agreement.
Quasi Contract
An obligation imposed by law to prevent unjust enrichment, even though no actual agreement exists between the parties involved.
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