Scot Enters into a Contract with Tiffany That Later Proves

question 29

Multiple Choice

Scot enters into a contract with Tiffany that later proves voidable at Tiffany's option.If she elects to avoid any duty to perform under the contract

• A)both parties are released from it.
• B)neither party is released from it.
• C)only Scot is released from it.
• D)only Tiffany is released from it.

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Definitions:

Exponentially Distributed

A type of probability distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.

Random Variable

A variable, the value of which hinges on the happenings related to a chance occurrence.

Exponential Distribution

A probability distribution used to model the time between events in a Poisson process, characterized by its constant rate.

Parameter

A numerical characteristic of a population, such as its mean or standard deviation, that is usually unknown and estimated from sample data.