Which of the Following Is NOT Included Within the Code

question 70

Multiple Choice

Which of the following is NOT included within the Code definition of merchantability?

• A) Reasonably fit for the ordinary purposes for which the goods are used.
• B) Pass without objection in the trade under the contract description.
• C) In the case of fungible goods that they be of a quality that exceeds the description and be above average.
• D) Be of fair, average quality.

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Definitions:

Coefficient Of Determination

A statistical measure that assesses the proportion of variance in the dependent variable predictable from the independent variable(s).

Coefficient Of Correlation

A numerical measure that quantifies the strength and direction of a linear relationship between two variables.

Square Root

A value that, when multiplied by itself, gives the original number.

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of the linear relationship between two variables, represented by values between -1 and 1.