An Obligation Is Enforceable Only If It Is Made in Return

question 30

True/False

An obligation is enforceable only if it is made in return for actions or events that have already taken place.​

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Definitions:

Indicator Variable

A variable that takes on the value of 0 or 1 to indicate the absence or presence of a specific condition or attribute.

Regression Model

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

Categorical Variables

Variables that represent types or categories, grouping observations into distinct sets based on a characteristic such as gender or ethnicity.

Categorical Variable

A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation into a particular group or nominal category.