Examlex
In testing the significance of a population correlation coefficient using the Spearman's rank correlation coefficient, it is assumed that all possible combinations of values of variable X and variable Y have a bivariate normal probability distribution.
Contract
A legally enforceable agreement between two or more parties with mutual obligations.
Consideration
The value (which could be in the form of goods, services, or money) exchanged between parties in a contract, making the agreement legally binding.
Legally Sufficient Consideration
A value or benefit that is recognized by law, which is exchanged between parties as part of a contract.
Legally Sufficient
This refers to a condition or document meeting all legal requirements and standards to be considered valid or enforceable.
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