Oren and Pat Are Parties to a Contract for the Management

question 31

Multiple Choice

Oren and Pat are parties to a contract for the management of Oren's residential rental properties. A dispute arises between them over the obligations due under the contract. They negotiate a compromise and form a different agreement to substitute for the original one. This settlement agreement does not require

• A) ​the existence of a previous, valid obligation.
• B) ​the agreement by the parties to the new contract.
• C) ​a third party.
• D) ​a new, valid contract.

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Definitions:

Reliable Data

Information that consistently yields similar results under the same conditions, indicating its dependability and stability over time.

Unreliable Results

Outcomes of research or experiments that lack consistency or dependability, often due to poor methodology or errors in data collection.

Analyzing Information

The process of examining data in order to extract useful insights, draw conclusions, and make informed decisions.

Descriptive Statistic

Statistical measures that describe the basic features of data in a study, providing simple summaries about the sample and measures.