McKenzie Purchases Goods from Dormond

question 45

Multiple Choice

McKenzie purchases goods from Dormond.Later McKenzie goes to court and the court declares that the contract between McKenzie and Dormand is void.This means that

• A)Dormond has to return all money received from McKenzie,but McKenzie does not have to return the goods.
• B)the court has declared that there was a valid contract between Dormond and McKenzie from the date of the purchase until the date of the Court ruling.
• C)the court has declared that Dormond breached the contract.
• D)McKenzie can return all or the remainder of the goods to Dormond in exchange for reimbursement of payment.
• E)McKenzie can keep the goods and can demand his money back from Dormond.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Normally Distributed

Describes a probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Confidence Interval

A scope of values, sourced from statistical analysis of a sample, that is believed to contain the value of an undisclosed population parameter.

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies with a certain level of confidence.