Ranjit Purchased a Complex Computer System from Compu-Less

question 50

Multiple Choice

Ranjit purchased a complex computer system from Compu-Less.Although Compu-Less had specially manufactured the computer to Ranjit's personal specifications,the sale was created on the basis of a standard form agreement that the company uses when customers buy mass-produced computer units.A dispute has now arisen between Ranjit and Compu-Less.Which of the following statements is TRUE?

• A)The strict terms of the contract will not be enforced if,before Ranjit signed the agreement,the company's sales manager said,"Don't worry about the legal mumbo-jumbo.We stand behind our products."
• B)Because of the parol evidence rule,the parties' contract will not include the warranties contained in the Sale of Goods Act unless the contract either repeats those warranties or at least refers to them.
• C)As long as the language of the contract is sufficiently clear,the parties may have excluded all possible statutory conditions and warranties.
• D)The court may refuse to add an implied term to the contract even if that term would make the contract,in the court's opinion,fairer to Ranjit.
• E)The golden rule of contract interpretation states that an ambiguous term must be interpreted in the way that most benefits the party that did not draft the contract.

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Definitions:

Leverage

A measure of how far the values of the independent variables are from their mean values.

Regression Results

The outcomes of regression analysis, including the estimated relationships between variables and measures of these relationships' strength and significance.

Multicollinearity

The term used to describe the correlation among the independent variables.

Independent Variables

Variables in an experiment or model that are manipulated or changed to observe their effect on dependent variables.