Jonathan Sells Crates of Tomatoes on Board the SS Apapa

question 95

Multiple Choice

Jonathan sells crates of tomatoes on board the SS Apapa to Margaret.At the time of the sale,both parties are unaware that the crates were washed overboard.What is the status of the contract between Jonathan and Margaret?

• A)Jonathan is still the owner of the shipment.Jonathan bears the loss and will have to refund Margaret's money.
• B)Margaret has to pay the agreed price and recover from her insurance.
• C)The ownership passed to Margaret,but Jonathan is still in possession,and so he is liable.
• D)Margaret is the new owner of the tomatoes and has to bear the loss.
• E)Margaret may sue Jonathan for the tort of deceit.

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Definitions:

Null Hypothesis

A hypothesis that suggests there is no significant difference or effect, serving as the default position to be tested against.

Standard Deviation

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

Alternative Value

Often refers to a different or non-standard value or outcome considered in decision-making or analysis.

Power

The ability of a statistical test to detect an effect if the effect actually exists.