A Person Discovering That the House She Has Just Contracted

question 16

Multiple Choice

A person discovering that the house she has just contracted to buy has a well-known (but not known to her as a stranger to the region) reputation as a haunted house

• A) is bound by the principle of caveat emptor .
• B) might get out of the contract by obtaining the relief of rescission in equity.
• C) can sue for breach of contract based on fraud.
• D) has no remedy because a purchaser is responsible for making reasonable inspections and inquiries into the status and conditions of real property about to be purchased.

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Definitions:

Test Statistic

A numerical value calculated from a statistical test's data, used to determine whether to reject the null hypothesis.

Degrees Of Freedom

The number of independent values or quantities that can vary in the analysis without violating any constraints.

Significance Level

The probability threshold below which the null hypothesis is rejected in a statistical test, often denoted by alpha (α).

Cohen's D

A measure of effect size indicating the standardized difference between two means.