Terrence V. Powderly was president of the

The intent of the statute of fraud is to.

A. Require real estate contracts to be in writing in order to be legally enforceable B. Protect the public from misrepresentations by the licensees C. Require licensees to disclose property defects to prospective buyers D. Protect the public from dishonest dealing by licensees

A decision maker who uses the maximin criterion when solving a problem under conditions of uncertainty is:

A) an optimist. B) a pessimist. C) an economist. D) an optometrist. E) making a serious mistake; maximin is not appropriate for conditions of uncertainty.