Mark Is Creating Nu2U

question 22

Multiple Choice

Mark is creating Nu2U.com,a Web site through which he will enter into contracts over the Internet.Important terms to include in his offers include

• A)provisions specifying the remedies if the contract is breached.
• B)a detailed history of his business.
• C)glowing reviews from former customers.
• D)his educational background.

Understand the difference between void and voidable contracts, and the implications of each for the parties involved.

Understand the concept of unilateral and bilateral contracts, how they are formed, and the obligations they create.

Identify and understand contract terms related to modifications and the interpretation of ambiguous contract provisions.

Recognize how contract law varies internationally, with specific references to general and special provisions in contracts.

---

Definitions:

F-test Statistic

A statistical test used to compare the variances of two populations based on sample data from those populations.

Multiple Linear Regression Model

A statistical technique that models the relationship between one dependent variable and two or more independent variables.

Partial Regression Coefficients

Parameters in a multiple regression model that measure the impact of a change in one predictor variable on the response variable, holding all other predictors constant.

Multiple Regression Model

A predictive method in statistics using multiple variables as predictors to estimate the outcome of a response variable.