A Deed Need Not Have Consideration to Be Valid

question 34

True/False

A deed need not have consideration to be valid.

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Definitions:

Wilcoxon Rank Sum Test

A nonparametric test used to determine whether there is a significant difference between two independent samples by comparing their rank sums.

Significance Level

The threshold below which a statistical result is considered significant, typically reflecting the probability of wrongly rejecting the null hypothesis.

Rank Assigned

A method of attributing ordinal positions to items based on their value or performance.

Industrial Accidents

Unplanned events that occur in an industrial environment causing injury or damage.