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Buildco Ltd.entered into a contract that contains a clause limiting Buildco's liability for any breach of the contract.Buildco's employees performed its obligations negligently and have caused harm to the other party as a result.Are the employees protected by the clause that limits Buildco's liability? Explain.
Type I Error
Statistically, the probability of rejecting a good lot.
Good Lot
A term used in quality control to describe a batch of products that meet specified quality standards.
AQL
Acceptable Quality Level, a statistical measurement used in quality control that defines the maximum number of defective items allowed in a sample lot.
Type II Error
Statistically, the probability of accepting a bad lot.
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