Which of the Following Mistakes Will Most Likely Render Impossible

question 25

Multiple Choice

Which of the following mistakes will most likely render impossible the purpose of the contract?

• A)buying a car,only to later find out that it was resold to you by some rogue who did not have title to the car
• B)both parties to the contract reasonably and innocently believing that the property sold to a business is zoned commercial but it is,in fact,zoned residential
• C)thinking that you ordered one copy of a software program when,in fact,you negligently ordered 10 copies
• D)buying a piece of art on the basis of its aesthetic appeal,only to later find out that it was painted by a famous artist and is worth more than you paid for it
• E)buying a home without inspecting it,and later finding out that the foundation requires replacement

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Definitions:

Level of Significance

The probability threshold under which a null hypothesis is rejected in hypothesis testing, often denoted by alpha.

Null Hypothesis

A statement positing that there is no significant difference or effect, serving as the default assumption in hypothesis testing.

Population Variance

A measure of the spread or dispersion within a dataset, representing the average of squared deviations from the mean.

Level of Significance

The likelihood of incorrectly dismissing the null hypothesis in a statistical analysis, frequently represented by the symbol alpha.