What Made Caveat Emptor a Poor Idea on Which to Base

question 7

Multiple Choice

What made caveat emptor a poor idea on which to base the law regulating consumer transactions in the 20th Century was the fact that true equality of bargaining power between buyers and businesses had become:

• A)commonplace.
• B)rare.
• C)unnecessary.
• D)impossible to achieve unless both parties spoke Latin.

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Definitions:

Frequency Distribution

A summary of how often each different value occurs in a dataset, often represented in a table or graph.

Balancing Point

A point at which a system, object, or decision is in a state of equilibrium or balance, often used metaphorically to refer to fair or stable situations.

Deviations

Differences between observed values and the average or expected values in a data set.

Median

The middle value of a data set, where half the numbers are below and half are above this value.