In Order to Form a Contract, the Parties Must

question 23

Multiple Choice

In order to form a contract, the parties must:

• A) manifest their agreement subjectively.
• B) manifest their agreement objectively.
• C) indicate solely through the written word their intent.
• D) create a formal document.

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Definitions:

Effect Size

A quantitative measure of the magnitude of the experimental effect, indicating the difference between two groups' means relative to the standard deviation of the scores.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain.

Standard Deviation

Standard deviation is a statistical measure that quantifies the amount of variance or dispersion of a set of data values from the mean.

Net Benefit

The positive difference between all benefits received from a particular action or project after subtracting all associated costs.