Examlex
The roll of a pair of dice has the following probability distribution,where the random variable is the sum of the values produced by each die: Calculate the expected value of x.
Binding Contract
An agreement between two or more parties that is legally enforceable and subject to legal remedies or damages in case of breach.
Separate Business
An entity or operation that functions independently from any other business interests held by the owners.
Rescind
To officially cancel, revoke, or repeal a legal agreement, contract, or decision.
Verbal Offer
An offer made through spoken communication, rather than in written form, which can be binding under certain conditions.
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