An Unscrupulous Creditor Might Sell the Right to Collect the Same

question 14

Essay

An unscrupulous creditor might sell the right to collect the same debt to two different persons by assigning it to each of them.Which one of the two innocent assignees is entitled to payment and why?

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Definitions:

Ratio Data

A type of quantitative data that possesses a natural zero point and allows for meaningful comparisons using division, enabling measurement of both differences and ratios between data points.

Variance

Variance is a statistical measure that represents the degree to which a set of observations differ from each other. It is the expectation of the squared deviation of a random variable from its mean, and it gives insights into the dispersion of a dataset.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Nominal Data

Data categorized into discrete groups or categories without any inherent order or ranking.