A and B Enter into a Contract Whereby a Agrees

question 4

Multiple Choice

A and B enter into a contract whereby A agrees to supply B with 10 000 tins of tuna at the rate of 1000 tins per month from his tuna factory in Bayport,Nova Scotia,and B agrees to pay A $2 per tin.A supplies 1000 tins of tuna,but before he can collect,his factory is destroyed by fire.If the contract is discharged by frustration,which of the following statements is correct?

• A)A must obtain the tuna from another source to satisfy the contract.
• B)B will have to pay A the sum of $2000 because there was no deposit.
• C)Only future obligations are discharged,and B must pay A the sum of $2000.
• D)All obligations under the contract are discharged,A and B's obligations are both discharged,and B does not have to pay A the sum of $2000.
• E)B will not have to pay A the sum of $2000 because there is no longer a contract.

Grasp the basics of correlation and its implications in statistical analysis.

Recognize the importance of precise data measurement for accurate statistical analysis.

Identify the appropriate measure of central tendency for data measured on various scales.

Understand the concept of consumer surplus and how it is determined.

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Definitions:

Guidelines

Instructions or principles designed to steer actions or decisions in a particular direction.

Overt Discrimination

Discriminatory actions or behaviors that are open, intentional, and plainly observed.

Subtle Discrimination

Discriminatory actions or behaviors that are not overt or direct, often manifesting in less visible but equally harmful ways.

Economic Costs

The total cost of choosing one action over others, representing both the direct and opportunity costs.