To Be Enforceable, a Memorandum Evidencing an Oral Contract Must

question 60

True/False

To be enforceable, a memorandum evidencing an oral contract must identify the consideration.

---

Definitions:

T Value

A value computed from a sample data used in a t-test in statistics that measures the size of the difference relative to the variation in your sample data.

Confidence Interval

A swath of numerical values, from statistics of a sample, aimed at covering the unascertained value of a population parameter.

Margin of Error

The half-width of a confidence interval, representing the maximum expected difference between the true population parameter and a sample estimate of that parameter.

Population Standard Deviation

A measure of the dispersion or spread of a set of data values in a population, indicating how much individuals within this population vary from the population mean.