Fact Pattern 12-1

question 21

Multiple Choice

Fact Pattern 12-1
Four-Square Construction Company enters into a contract with Ben to remodel Carol's Home Store,using products from Delta Building Supplies.Eatery Café is next to Carol's Home Store.The remodeling is a gift from Ben to Carol.
-Refer to Fact Pattern 12-1.Delta will realize a profit from the sale of prod-ucts to Four-Square to remodel Carol's store.Delta is

• A)a delegatee.
• B)an assignee.
• C)an incidental beneficiary.
• D)an intended beneficiary.

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Definitions:

T-test

A statistical test used to compare the means of two groups to determine if they are significantly different from each other.

Nonsignificant

An outcome of a statistical test indicating that the evidence is not strong enough to reject the null hypothesis.

Nonsignificant

A statistical term indicating that the results of an analysis do not show evidence to reject the null hypothesis, suggesting that any observed effect could be due to chance.

Insignificant

A term used in statistics to describe a result that fails to provide enough evidence to reject the null hypothesis.