Is It Likely That Ryan Will Be Able to Recover

question 52

Multiple Choice

Is it likely that Ryan will be able to recover damages based upon a breach of the implied warranty of merchantability?

• A) No, because the implied warranty of merchantability was that the car would, for example, be fit for the ordinary purposes for which such goods are used. Pulling the boat was not an ordinary purpose for that small car.
• B) Yes, because Ryan informed Kristin about the need for the car to pull the boat.
• C) Yes, because Kristin told Ryan that the car would pull the boat.
• D) No, because of the lack of an implied warranty of fitness for a particular purpose.
• E) No, because there was no warranty of merchantability.

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Definitions:

Net Fixed Assets

The value of a company's property, plant, and equipment minus depreciation, representing the company's investment in long-term assets.

Variance

A measure of the dispersion of a set of data points around their mean value, indicating how spread out the data points are.

Standard Deviation

A measure of the dispersion or spread of a set of values, calculated as the square root of the variance, indicating how much the values deviate from the mean.

Standard Deviation

An assessment of how much the values in a group differ or spread out.