If the Subject Matter of a Proposed Contract Is Destroyed

question 30

True/False

If the subject matter of a proposed contract is destroyed without the knowledge of either party after the making of an offer but before its acceptance, the offer cannot be terminated.

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Definitions:

Z

Often referred to in statistics as a standard score, it represents the number of standard deviations a data point is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, representing a perfect bell curve.

Continuous Probability Distributions

Mathematical functions that represent the probabilities of all possible values in an unbroken (continuous) range.

Exponential Distributions

A type of continuous probability distribution that is often used to model the time between independent events that happen at a constant average rate.