________ Is the Legal Enforcement of an Otherwise Unenforceable Contract

question 95

Multiple Choice

________ is the legal enforcement of an otherwise unenforceable contract due to a party's detrimental reliance on the contract.

• A)Promissory estoppel
• B)Substantial estoppel
• C)Substantial performance
• D)Frustration of purpose
• E)Commercial impracticability

Distinguish between different levels of confidence intervals (90%, 95%, 99%).

Interpret the effects of sample size on the width of the confidence interval.

Recognize the impact of the standard deviation and standard error on confidence intervals.

Understand the relationship between level of confidence and precision of the confidence interval.

---

Definitions:

Depreciation Expense

The allocated portion of the cost of a tangible fixed asset that is charged as an expense in a reporting period, reflecting the usage and wear and tear of the asset.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been expensed to depreciation over the asset's useful life, reflecting how much of the asset's value has been used up.

Consolidation Worksheet

A tool used in preparing consolidated financial statements, allowing a company to adjust and eliminate the transactions among its controlled entities.

Plant

In terms of fixed assets, it refers to the buildings, machinery, equipment, and property used in the operations of a business.