What Is a Simple Event

question 75

Multiple Choice

What is a simple event?

• A) An event that contains all outcomes of a sample space
• B) An event that contains several outcomes of a sample space
• C) An event that contains only one outcome of a sample space
• D) All of the above

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Definitions:

Monetary Damages

Financial compensation awarded to a person as restitution for loss or injury caused by the unlawful acts of another.

Legal Damages

Compensation, often financial, awarded by a court to a person who has suffered loss or injury due to the unlawful act or negligence of another.

Novation

In a contract, the substitution of a third party for one of the original parties; the duties remain the same under the contract, but one original party is discharged and the third party takes that original party’s place.

Substituted Contract

An agreement between the contracting parties to replace an existing contract with a new one, possibly altering terms or obligations.