Lima, an Agent for Mindwonder Games LLC, Executes an Unauthorized

question 2

Multiple Choice

Lima, an agent for Mindwonder Games LLC, executes an unauthorized contract with NOW Marketing Inc. The deal is highly advantageous to Mindwonder, and the company ratifies the contract. The contract is​

• A) ​valid.
• B) ​vicarious.
• C) ​void.
• D) ​voidable.

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Definitions:

SPSS Output

The results generated by the Statistical Package for the Social Sciences, displaying statistical analysis, tables, charts, and tests performed on data.

Chi-square Statistic

A statistical test used to compare observed data with data we would expect to obtain according to a specific hypothesis.

Significance Level

A threshold in hypothesis testing that determines the probability of rejecting the null hypothesis when it is actually true, often denoted by alpha (α).

Null Hypothesis

A hypothesis that suggests no statistical significance exists in a set of given observations, representing a default position to be tested against.