Examlex
The height of sixth grade students in a class is a random variable with mean
in. Assume the height of the students is normally distributed with standard deviation
in. Let
be the probability that a student will be at most
in. tall. Express
as an integral of an appropriate density function, and compute its value numerically.
Accord and Satisfaction
Accord and satisfaction is a legal contract where a dispute is settled by the parties involved agreeing to give and accept something of value in different terms than the original agreement.
UCC Section 3-311
A provision in the Uniform Commercial Code that addresses the accord and satisfaction by use of a negotiable instrument.
Paid-in-Full Check
A paid-in-full check is a check by which the issuer intends to settle a debt completely, often accompanied by a statement indicating that the payment is meant to resolve the obligation in full.
Different Performance
Fulfillment of contractual obligations in a manner that is different from what was specifically agreed upon, sometimes acceptable with mutual consent.
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