If a Contract Price Is Not Stated in a Professional

question 51

True/False

If a contract price is not stated in a professional services contract,the principle of quantum meruit will be deemed to be inapplicable.

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Definitions:

Bonferroni Adjustment

A statistical correction method used to reduce the chances of obtaining false-positive results (Type I error) when performing multiple comparisons.

Type I Error Rate

The probability of rejecting a true null hypothesis, essentially a false positive in statistical hypothesis testing.

Population Means

The average value of a particular characteristic within a defined population.

Sub Sandwich Customers

Individuals or clients who purchase sub sandwiches, a type of sandwich made on a long roll or baguette filled with various ingredients.