A Valid Contract May Exist Even If the Consideration Is

question 14

True/False

A valid contract may exist even if the consideration is a promise to perform an illegal act, or to avoid performing an act that is legally required to be performed.

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Definitions:

Coefficient Of Variation

A standardized measure of the dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values, indicating how much the individual data points differ from the mean.

Median

The middle value or point in a data set, where half the data lies above and half below it.

Empirical Rules

Statistical rules that allow for the determination of probability within a normal distribution, stating percentages of data that lie within certain standard deviations from the mean.