In Crest Ridge Construction V

question 359

Multiple Choice

In Crest Ridge Construction v. Newcourt, where an order for construction materials that Crest Ridge needed was rejected for failure to meet credit terms, and Crest Ridge had to find a higher-cost replacement and sued Newcourt for damages, the appeals court held that:

• A) Crest Ridge had no basis for suit since the credit terms of the contract were clear and it failed to follow the instructions
• B) Crest Ridge had no basis for suit since the credit terms of the contract were clear and it did not have sufficient credit history to qualify
• C) Newcourt was liable as it imposed higher credit conditions on Crest Ridge than it stated were necessary in the contract
• D) Newcourt was liable because, at the last minute. it changed the price it was going to charge, which required Crest Ridge to obtain more credit than it could qualify for
• E) none of the other choices

---

Definitions:

Accident Rates

The frequency or proportion of accidents occurring in a particular area, within a specified period, or among a specific group of people.

Age Groups

Categories of populations divided based on age, allowing for analysis and comparison of different demographic segments.

Probability

A measure that quantifies the likelihood that an event will occur, expressed as a number between 0 and 1.

Joint Frequency Distribution

A statistical tool that shows how often pairs of variables occur together in a given dataset.