Use the Following Information to Answer Questions

question 43

Multiple Choice

Use the following information to answer questions . Suppose that a recent poll of American households
about pet ownership found that for households with pets, 45% owned a dog, 34% owned a cat, and 10% owned a
bird. Suppose that three households are selected randomly and with replacement and the ownership is mutually
exclusive.
-What is the probability that at least one of the three randomly selected households own a bird? (Round to the nearest hundredth)

• A)0.08
• B)0.92
• C)0.73
• D)0.27

Recognize the relevance of course of performance, course of dealing, and usage of trade in interpreting contracts under the UCC.

Analyze the requirements for contract modifications and the effects of additional or different terms in contract formation.

Distinguish between written and oral contracts and their enforceability under the UCC.

Understand the importance and role of express terms versus implied terms in contract disputes.