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TABLE 3-10
Given below are the closing prices for the Dow Jones Industrial Average (DJIA) and the Standard & Poor's (S&P) 500 Index over 10 weeks.
-Referring to Table 3-10, how will you classify the linear relationship between the DJIA and the S&P 500 Index?
Executory Conditions
Provisions in a contract that require certain actions to be performed before an obligation becomes absolute.
Concurrent Conditions
In a contract, terms under which each party’s performance is conditioned on the performance of the other; occur only when the parties are required to perform for each other simultaneously.
Express
Implies clear and direct communication or conveyance of an idea, intention, or item without any ambiguity.
Executory
A term applied to a contract in which not all of the terms have been fully performed.
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