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A Void Contract Is Enforceable If It Is in Writing

question 37

True/False

A void contract is enforceable if it is in writing.


Definitions:

Expected Cost

The forecasted cost of an action or decision, taking into account all known risks and uncertainties.

Expected Value

A statistical concept that calculates the average outcome of a random event when the process is repeated many times.

Wager Amount

The sum of money placed in a bet on the outcome of an event with an uncertain result.

Risk Premium

The extra return above the risk-free rate demanded by investors for holding riskier assets.

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