Today,promises Under Seal Are

question 46

Multiple Choice

Today,promises under seal are:

• A)enforceable in some states for contracts not involving goods.
• B)enforceable under the UCC for contracts involving goods.
• C)enforceable under the UCC if made by a merchant,in writing,stating the time period over which the offer will remain open.
• D)unenforceable as a consideration in a new contract.

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Definitions:

Midrange

The statistical measure calculated by adding the highest and lowest values in a dataset and then dividing by two, indicating the midpoint of the data range.

Variance

A measure of the dispersion or spread of a set of data points around their mean value, indicating how much the data points differ from the average.

Standard Deviation

A calculation that quantifies the extent of deviation or spread within a group of data points.

Sample Variance

A measure of how datapoints in a sample are spread out from their sample mean, quantifying the extent of variation within the sample.