An Event Must Be Certain to Occur to Constitute a Contractual

question 40

True/False

An event must be certain to occur to constitute a contractual condition.

---

Definitions:

Repetitive Procedure

A method or operation that is carried out repeatedly to test the consistency and reliability of results.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution, rather than the optimal one.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representative Heuristic

A cognitive shortcut that involves judging the probability of an event by its resemblance to a prototype or typical example, potentially leading to biases in decision-making.