A Valid Contract Can Become Unenforceable Because of a Statute

question 456

True/False

A valid contract can become unenforceable because of a statute passed after the contract was formed.

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Definitions:

Nominal

A type of data that represents categories without any intrinsic order or ranking among them.

Level Of Measurement

Refers to the different ways in which variables or data points can be quantitatively and qualitatively categorized.

Frequency Distribution

An overview or tabulation of a dataset that shows the number of individuals or occurrences in each non-overlapping category or class range.

Sample

A subset of individuals or observations selected from a population for the purpose of analysis.