Uncertainty


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Related to Uncertainty: uncertainty principle

CERTAINTY, UNCERTAINTY, contracts. In matters of obligation, a thing is certain, when its essence, quality, and quantity, are described, distinctly set forth, Dig. 12, 1, 6. It is uncertain, when the description is not that of one individual object, but designates only the kind. Louis. Code, art. 3522, No. 8 5 Co. 121. Certainty is the mother of repose, and therefore the law aims at certainty. 1 Dick. 245. Act of the 27th of July, 1789, ii. 2, 1 Story's Laws, 6. His compensation for his servicer, shall not exceed two thousand dollars per annum. Gordon's Dig. art. 211.
     2. If a contract be so vague in its terms, that its meaning cannot be certainly collected, and the statute of frauds preclude the admissibility of parol evidence to clear up the difficulty; 5 Barn. & Cr. 588; S. C. 12 Eng. Com. L. R. 827; or parol evidence cannot supply the defect, then neither at law, nor in equity, can effect be given to it. 1 Russ. & M. 116; 1 Ch. Pr. 123.
     3. It is a maxim of law, that, that is certain which may be made certain; certum est quod certum reddi potest Co. Litt. 43; for example, when a man sells the oil he has in his store at so much a gallon, although there is uncertainty as to the quantity of oil, yet inasmuch as it can be ascertained, the maxim applies, and the sale is good. Vide generally, Story, Eq. El. Sec. 240 to 256; Mitf. Pl. by Jeremy, 41; Coop. Eq. Pl. 5; Wigr. on Disc. 77.

UNCERTAINTY. That which is unknown or vague. Vide Certainty.

References in periodicals archive ?
"Error methods--compared with uncertainty methods--offer simpler, more intuitive and practical procedures for calculating measurement uncertainty and conducting quality assurance in laboratory medicine.
Uncertainty in individuals with CKD resides on the relatively abstract end of the conceptual continuum described by Chinn and Kramer (2011) because there are no concrete, observable means of measurement.
Such models treat uncertainty as stochastic, time-dependent volatility subject to "a standard random Wiener process" [Silva & Yakovenko, 2003, p.
Trend detection time depends on the trend magnitude, natural variability, and instrument and retrieval algorithm uncertainty, the relationship among which is represented by a climate uncertainty framework used in this study.
Conclusion: The approach used to estimate the measurement uncertainty may be found simple and feasible by clinical laboratories interested in getting the relevant accreditation.
Do these projections decrease or increase uncertainty about future policy?
The statistical nature of uncertainty analysis naturally relies on the use of Monte Carlo sampling methodology.
The Survey goes on to say that based on the globally recognized EPU Index, the Economic Policy Uncertainty in India has reduced significantly over the last decade.
The Survey goes on to say that based on the globally recognised EPU Index, the Economic Policy Uncertainty in India has reduced significantly over the last decade.
The subject-matter of this paper is to analyze this very case, whereas its purpose is to compare two methods of estimating model parameter uncertainty. The application of two methods is also aimed at the verification of the results.
Nevertheless, the never-ending negotiations have definitely taken their toll, as evidenced from the visible spike in policy uncertainty in 2018 and early 2019.
Uncertainty is ubiquitous and salient in a variety of close relationships.