A Reservation of Rights Is an Assertion by a Party

question 47

True/False

A reservation of rights is an assertion by a party to a contract that even though a tendered performance is accepted, the right to damages for the nonconformity to the contract is reserved.

---

Definitions:

Wilcoxon Rank-Sum Test

A nonparametric statistical test used to compare two independent samples to determine if they come from the same distribution.

Nonparametric Test

A statistical test that does not assume a specific distribution for the variable being analyzed.

Simple Random Samples

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Wilcoxon Rank Sum Test

A nonparametric statistical test that compares two independent samples to determine if they come from the same distribution.