If the Coefficient for Activity 1 in the Objective Function

question 38

Multiple Choice

If the coefficient for Activity 1 in the objective function changes to $50,then the objective function value:

• A)will decrease by $450
• B)is $0
• C)will decrease by $2750
• D)will remain the same
• E)can only be discovered by resolving the problem

Understand the principle of consideration in contract law.

Differentiate between valid and invalid consideration.

Recognize the role of promissory estoppel in the absence of formal consideration.

Identify exceptions to the consideration requirement.

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Definitions:

Dying Declaration Exception

A rule in law that allows the admission of a statement made by a person believing they were about to die, relating to the cause or circumstance of their death, as evidence in court.

Friendly Witness

A witness in a legal proceeding expected to provide testimony that supports the position of the party calling them.

Hostile Witness

A witness whose testimony is not favorable to the party who has called them to testify, often leading to cross-examination.

Legal Advice

Advice given by an expert in law on legal matters or steps to be taken under particular circumstances.