Why is understanding the terms of a contract important for both parties involved?

a.
understanding the terms of a contract is important because a person must be certain of the obligations towards the other party, and must also be aware of penalties incurred if those obligations are not met.
b.
understanding the terms of a contract is only important for lawyers, and should only ever have to be signed and not read.
c.
understanding the terms of a contract is important because people involved in contracts are almost always taken to court, and must know the contract to give a good defense.
d.
understanding the terms of a contract is only important when the other party seems shady or untrustworthy.

Exclude leap years from the following calculations. (a) compute the probability that a randomly selected person does not have a birthday on october 4. (type an integer or a decimal rounded to three decimal places as needed.) (b) compute the probability that a randomly selected person does not have a birthday on the 1st day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (c) compute the probability that a randomly selected person does not have a birthday on the 30th day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (d) compute the probability that a randomly selected person was not born in january. (type an integer or a decimal rounded to three decimal places as needed.)