Excavate N' Fill, Inc

question 69

Multiple Choice

Excavate n' Fill, Inc., enters into a contract with Fred to fill and landscape an abandoned quarry on Fred's land. Fred advances Excavate n' Fill 10 percent of its cost. The parties rescind the contract. Excavate n' Fill's refund of the payment is

• A) ​a penalty.
• B) ​liquidated damages.
• C) ​restitution.
• D) reformation.​

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Definitions:

Regression Model

The equation that describes how y is related to x and an error term; in simple linear regression, the regression model is y = b0 + b1x + e.

Adjusted Multiple Coefficient

A statistical measure adjusted for the number of variables in a model, used to assess the goodness-of-fit of a regression model.

Determination

The process of establishing something exactly, typically through calculation or research.

Independent Variables

Variables in a study or experiment that are manipulated or categorized to determine their effect on dependent variables.