When Determining Whether Consideration Is Sufficient to Support a Contract

question 85

True/False

When determining whether consideration is sufficient to support a contract for the sale of goods under the UCC, one relevant factor is whether both parties received a good deal under UCC rules and principles.

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Definitions:

Positively Correlated

A term describing two variables that move in the same direction, such that when one variable increases, the other also increases.

Securities' Returns

The profit or loss generated on a security over a particular period, usually expressed as a percentage.

Variances

The quantitative measure of the difference between actual and expected behavior, often used in finance to assess volatility of returns or tracking errors.

Covariances

An indicator of the extent to which two variables fluctuate in tandem.