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The following probability distribution was subjectively assessed for the number of sales a salesperson would make if he or she made five sales calls in one day. Given this distribution, the probability that the number of sales is more than 2 is 0.80.
Merchantable Quality
A standard for goods being sold under a contract, ensuring they are of sufficient quality to be sold for their ordinary purpose.
Implied Terms
Provisions not expressly stated in a contract but understood to be included based on the nature of the agreement, legal requirements, or customary practice.
Breach of Condition
A violation of a specific condition set in a contract, which can lead to the termination of the agreement.
Faulty Design
A design that fails to meet required specifications or standards, resulting in a product or structure that is unsafe, does not perform as intended, or is not fit for its intended use.
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