Which of the Following Statements Is Correct with Respect to a Contract

question 51

Multiple Choice

Which of the following statements is correct with respect to a contract for the purchase of goods?

• A) Where a breach of a condition is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• B) Where a breach of a condition is involved, the contract is still in force and the victim of the breach must still perform her side of the agreement.
• C) Where a breach of a warranty is involved, the obligation of the victim of the breach is ended and that person need not perform her side of the agreement.
• D) The purpose of the inclusion of a warranty in a sale of goods contract is to force the seller of those goods to repair the goods if they are defective.
• E) The purchaser has a claim against the manufacturer only if the goods purchased are defective.

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Definitions:

Qualitative Forecasting

A forecasting method that relies on expert judgments and non-quantifiable information to predict future outcomes.

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Unique skills or knowledge in a particular field, making an individual or organization capable of performing tasks that require specialized understanding.

Quantitative Forecasting

A statistical approach to predict future events or outcomes based on numerical data and analysis.

Statistical Analyses

The process of collecting, reviewing, and interpreting data to make conclusions based on statistical methods.