The Likelihood of an Investment Newsletter's Successfully Predicting the Direction

question 9

Multiple Choice

The likelihood of an investment newsletter's successfully predicting the direction of the market for three consecutive years by chance should be

• A) between 50% and 70%.
• B) between 25% and 50%.
• C) between 10% and 25%.
• D) less than 10%.
• E) greater than 70%.

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Definitions:

Commercial Impracticability

A doctrine in contracts law where a party may be relieved from performing under a contract, due to unforeseen and impractical hardships, not within the contemplation of the parties at the time of the contract’s formation.

Perfect Tender Rule

A principle in commercial law that requires the delivery of goods to be exactly as specified in the contract without any deviation.

Substantial Impairment

A significant reduction or weakening in strength, value, or quality of an asset or entity's ability to perform its intended function.

Nonconforming

Refers to goods that fail to meet the specifications or requirements set forth in a contract.