If a Judge Rules That a Party Has Lost Its

question 76

Multiple Choice

If a judge rules that a party has lost its case because of the Statute of Frauds,the judge has essentially stated that:

• A)The losing party purposely deceived the other party about a material fact.
• B)The losing party will not be allowed to introduce evidence to contradict a written agreement.
• C)The losing party cannot enforce an oral contract that should have been in writing.
• D)The losing party was found by the court to have lied,and will therefore lose the case.
• E)The winning party has proven criminally fraudulent conduct on the part of the losing party.

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Definitions:

Fair-Return Price

For natural monopolies subject to rate (price) regulation, the price that would allow the regulated monopoly to earn a normal profit; a price equal to average total cost.

Allocatively Efficient

A state of resource allocation in which it is impossible to make any one individual better off without making someone else worse off.

Socially Optimal Price

The price of a good or service that reflects the external costs and benefits to society, aiming to achieve the most efficient allocation of resources.

Big Data

Extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.