Bridget Contracts with Hunter to Purchase $30,000 Worth of Goods

question 42

Multiple Choice

Bridget contracts with Hunter to purchase $30,000 worth of goods for her store.Hunter wants a clause in the contract stating that neither party will sue the other after one year from the date of breach of contract.Which of the following is true of this situation?

• A)Parties are not allowed to provide time limits in their sales agreements,since the UCC sets this time.
• B)Competent and informed parties can agree to set any time limit to sue for breach of contract.
• C)The courts must review the time limits the parties have determined in the sales agreement as reasonable.
• D)The UCC allows parties to shorten the time limit to bring a suit to a minimum of one year.

---

Definitions:

Data Skewed

Describes data that is not symmetrically distributed, typically shifted towards either the left or right, affecting the dataset's mean, median, and mode.

Standard Deviation

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

Average Donation

The mean amount given by donors, calculated by dividing the total amount of donations by the number of donors.

Dispersed Distribution

Refers to how spread out or scattered the data points are within a distribution.