If a and B Are Independent Events, with P(A) =

question 49

Multiple Choice

If A and B are independent events, with P(A) = 0.50 and P(B) = 0.70, then the probability that A occurs or B occurs or both occur is:

• A)1.20.
• B)0.20.
• C)0.85.
• D)0.10.

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Definitions:

Voidable

A contract or act that is voidable can be legally declared invalid by one of the parties involved, often due to reasons such as fraud or coercion.

Implied-In-Law

A legal term referring to rights or obligations that are enforced by a court, not because of an agreement or contract, but to avoid injustice.

Implied-In-Fact

A contract formed by the circumstances or conduct of the parties involved, rather than written or spoken words.

Uniform Commercial Code

A broad collection of legislative measures governing every aspect of commerce in the United States.