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An Obligor Required to Render a Performance Under a Contract

question 42

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An obligor required to render a performance under a contract can transfer the duty to perform to another person whenever desired.


Definitions:

Dispersion

A measure of the spread of a distribution or the variability of data points around a central value.

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the data points are.

Percentile

A measure used in statistics to indicate the value below which a given percentage of observations in a group of observations falls.

Measures of Dispersion

Statistical indicators that describe the spread or variability of a data set.

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