Consideration Is Optional in Every Contract

question 35

True/False

Consideration is optional in every contract.

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Definitions:

Coefficients Of Correlation

Numerical measures that quantify the strength and direction of the linear relationship between two variables.

Linear Relationship

A relationship between two variables where a change in one variable is associated with a proportionate change in the other variable.

Variables

Elements, characteristics, or factors that can change or vary and are studied to determine their effects in research.

Least Squares Regression

A statistical method for estimating the relationships among variables by minimizing the square differences between observed and predicted values.