Every contract imposes upon each party a ________ in performance and enforcement

a. duty of objective standards

b. duty of good faith and fair dealing

c. duty to substantially deal

d. duty to not materially breach


b

Business

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Answer the following statement true (T) or false (F)

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What is the probability that the system is full and new arrival must drive on?

In a bank drive-through, there is a single service window and room only for two cars to line-up to wait for service. The mean time between arrivals for drive through customers is 5 minutes. The mean time to complete a customer transaction is 3 minutes. The number of arrivals is distributed according to a Poisson distribution and the service times are exponentially distributed.

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Answer the following statement true (T) or false (F)

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