Callaghan Bought a Bedroom Set from a Furniture Store and Signed

question 40

Essay

Callaghan bought a bedroom set from a furniture store and signed a consumer credit contract agreeing to pay $150 in 12 monthly installments.The furniture store immediately negotiated the credit contract to a finance company,with which it had an arrangement,and received payment.The furniture turned out to be defective.Discuss if Callaghan can use the defense of defective furniture against the furniture store and the finance company for the money owed.

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Definitions:

Test Statistic

A statistic used to determine whether to reject the null hypothesis in significance testing.

Nominal Variables

Categories of data that cannot be quantifiably ranked or ordered, serving as labels or names for distinguishing attributes.

Chi-Squared Test

A statistical test used to determine if there is a significant association between two categorical variables.

Nominal Variables

Variables that represent categories with no intrinsic ranking or order, such as gender, nationality, or brand names.