After a Contract Is Made, a Supervening Event May Make

question 17

True/False

After a contract is made, a supervening event may make performance impossible and discharge the contract.

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Definitions:

Durbin-Watson Statistic

A measure used to detect the presence of autocorrelation in the residuals from a regression analysis.

Hypotheses Testing

A method in statistics that applies data from a subset to assess assumptions about a broader population's characteristic.

Durbin-Watson Test

A statistical procedure aimed at discovering the presence of autocorrelation at the first lag within the residuals of a regression analysis.

Autocorrelation

A characteristic of data in which sequential measurements or values in a time series are correlated with each other.