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The children at a certain school were asked what they prefer to drink with their lunch, and the following table summarizes the children's responses.
The school only serves milk, chocolate milk, or water with lunch. What is the probability that the first student in line for lunch will be served their preferred beverage with their lunch?
Reasonable Buyer
A hypothetical person who exercises average care, judgment, and information in their purchasing decisions, often referenced in legal contexts.
Seller's Representation
Statements made by a seller regarding the quality, condition, or legal status of the goods or property being sold.
Warranties of Title
Guarantees provided by a seller that they have the legal right to sell the property and that it is free from undisclosed encumbrances.
Sales Contracts
Agreements between buyers and sellers regarding the exchange of goods, services, or property for payment or promise of payment.
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