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Jack flipped a coin five times and each time it came up heads.His friend Atmel saw this and bet Jack that the next flip would come up tails.Atmel figured that it was overdue for a tails and so tails was a more likely outcome in the next flip.Atmel has fallen prey to:
Court Precedent
A legal decision made by a court that serves as an example or rule to be followed in future similar cases.
Insurance
A financial agreement where individuals or entities receive protection or reimbursement against losses from an insurer, in exchange for premium payments.
Exculpatory Clause
A contract term that releases one party from liability for harm or damage that might occur to another party, often found in service agreements and waivers.
Insane Person
Refers to an individual with severe mental illness to the point where they cannot understand the nature or consequences of their actions.
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