Which of the Following Would Be a Valid Provision Under

question 47

Multiple Choice

Which of the following would be a valid provision under the various provincial acts dealing with the sale of goods?

• A) Contracts above $20 to $25 must be made in writing in order to be enforceable.
• B) If partial payment or acceptance is made by the buyer,an oral contract is enforceable.
• C) Contracts above $15 to $20 must be made in writing in order to be enforceable.
• D) If creation of a record of an agreement is evident,the court must make a prudent ruling.

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Definitions:

Hypotheses Testing

A method of statistical inference that is used to decide whether the data at hand sufficiently support a particular hypothesis.

Senatorial Election

A political process through which individuals are elected to represent a state or equivalent entity in the senate.

Expected Value

The average of all possible outcomes of a random variable, weighted by their respective probabilities.

Sample Proportions

Statistics used to estimate the fraction or percentage of a population that exhibits a particular characteristic, based on a sample.