When the Parties to a Contract Agree That Its Performance

question 32

True/False

When the parties to a contract agree that its performance should directly benefit a third person,the third person is an intended third party beneficiary.

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Definitions:

Independent Samples

Samples that are collected without any of the data points in one sample affecting the data points in another sample.

Sample Variance

A statistic that measures the dispersion of a sample dataset, representing the average of the squared differences from the sample mean.

Population Variance

Population variance is a measure of the spread between numbers in a data set, representing the average of the squared differences from the population mean.

Random Sample

A selection taken from a group where each individual has the same probability of being chosen.