Assuming That All Other Elements of a Contract Are Present

question 18

Multiple Choice

Assuming that all other elements of a contract are present, which of the following would most likely be held to be a binding contract, considering only the requirement that the object of a contract must be legal and not contrary to the public interest?

• A) A life insurance policy bought by Harvey insuring the life of his neighbour Kneival without Kneival's consent
• B) A provision in a contract of employment where the employee agrees that, upon leaving, he will not work in a similar business anywhere for 5 years
• C) An agreement in which Fred agrees not to bother his father anymore
• D) An insurance policy paid by a shareholder to insure the business premises of a company he holds shares in
• E) An agreement to pay $500 to Mildred if Mildred spreads the false rumour that Helen, a nurse, has AIDS

Understand the concept of statistical inference and its importance in making conclusions about a population from a sample.

Distinguish between descriptive statistics and inferential statistics.

Recognize the definitions of population and sample in statistical studies.

Comprehend the role of sampling in statistical analysis and the rationale behind random selection.

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Definitions:

Sex-linked

Genetic traits that are associated with genes located on sex chromosomes, often resulting in differences between males and females.

Chromosomes

Structures within cells that contain DNA and carry genetic information for the inheritance of traits.

Genetic Differences

Variations in the DNA sequences among individuals, which can influence a wide range of physical attributes, behaviors, and susceptibility to diseases.

Cultural Taboo

Behaviors or customs that are forbidden or considered highly inappropriate within a particular culture or society.