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If a data set has an even number of observations, the median
Merchantability
A warranty that a product will meet reasonable expectations of quality and functionality at the time of sale.
Ordinary Purposes
Refers to the general, expected use of a product or service, implying that it meets a basic level of functionality and safety.
Perfect Tender Rule
This rule mandates that goods delivered under a sales or lease contract must exactly meet the terms of the contract, with any deviation allowing the buyer to reject the products.
Substantial Performance
A legal principle indicating that a party has completed enough of its contractual obligations to warrant payment, despite minor deviations from the contract terms.
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