Suzy Bartles Enters into an Oral Contract to Purchase a Tract

question 51

Essay

Suzy Bartles enters into an oral contract to purchase a tract of land from Bill Hermes. The land is considered worthless, but Bartles feels that she has discovered a possible usage that would drastically increase the value of the land. To assure herself of the potential value of the land, Bartles orally hires an attorney to investigate the title and records associated with the land in question. Before gaining any information from her attorney, Bartles orally contracts with a builder to construct a huge building on the site. Because of the size of the project, a completion time is difficult to predict. Bartles now discovers that the land is indeed useless, a fact that she obtains through information from her attorney.
Bartles now refuses to honor her contracts with Hermes, her attorney, and the builder. Must Bartles honor her contractual agreements?

Grasp the concept and application limitations of Analysis of Variance (ANOVA).

Apply the Tukey-Kramer multiple comparison procedure for post hoc analysis in ANOVA.

Differentiate between one-tailed and two-tailed tests and their application in hypothesis testing.

Identify and calculate relevant statistics for ANOVA and post hoc tests.

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Definitions:

Z-score

A numerical indicator that shows how a specific value compares to the average of a set of values by measuring the number of standard deviations it is from the mean.

Position

The rank or specific role an individual occupies or holds within a structure or organization.

Area

A quantification of the size of a 2D shape or surface, represented in units squared.

Standard Normal Curve

The standard normal curve is a type of normal curve with a mean of 0 and a standard deviation of 1, used as a reference in probability and statistics.