Code Section Matching: A.A Written Contract May Be Explained or Supplemented by Course

question 19

Essay

Code Section Matching:
a.A written contract may be explained or supplemented by course of dealing,usage of trade,course of performance,or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement.b."Good faith" means honesty in fact in the conduct or transaction concerned.c.An offer to make a contract is construed as authorizing acceptance in any reasonable manner.d.Variant acceptances;modification of "mirror image" rule.e.Definition of a "merchant."
f.The common law of contracts applies where the Code has not specifically modified general contract law.g.Unconscionable contracts.h.The Article 2 statute of frauds.i.Open terms;gap-filler provisions.j.Firm offers.k.Defines "sale."
-2-201

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Definitions:

Inferential Statistics

The branch of statistics that focuses on drawing conclusions about a population based on a sample taken from it, usually through hypothesis testing or estimation.

Example

An instance or case that is representative of a concept or demonstrates a particular situation or principle.

Net Present Value

A financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period.

Annual Revenue

The total amount of money earned from the sale of goods or services in a fiscal year before any expenses are subtracted.