Determine Whether the Statement Is True or False

question 44

Multiple Choice

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false. A game between two persons is fair if the expected value to both persons is zero.

• A) False. This is contrary to the definition.
• B) True. This follows from the definition.

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Definitions:

Unenforceable Contract

An agreement that, due to certain legal deficiencies, cannot be upheld or enforced by a court of law.

Court of Law

A governmental institution authorized to resolve legal disputes between parties and administer justice in civil, criminal, and administrative matters.

Complete Contract

A contract that includes all the terms and conditions agreed upon by the parties, leaving no ambiguities.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States.