Examlex
Which of the following statements is likely to be correct for a decision tree which indicates a 30 percent chance of making a $250,000 profit and a 70 percent chance of sustaining a $140,000 loss?
Liquidated Damages
Liquidated damages are predetermined damages agreed upon by parties in a contract, to be paid if one party breaches the agreement.
Free-Will
The concept that humans have the ability to make choices that are not predetermined by past events or divine intervention.
Ordinary Circumstances
Conditions or situations that are considered usual or normal within a specific context or environment.
Promise
A declaration or assurance that one will do something or that a particular thing will happen.
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