What Is the Likely Effect of Trudy Reselling the Defective

question 1

Multiple Choice

What is the likely effect of Trudy reselling the defective fixtures for $100?

• A) That is the only remedy Trudy will receive.
• B) The $100 will be deducted from the $400 Theresa owes leaving Theresa owing Trudy $300.
• C) Trudy will be allowed to keep the $100 and is still entitled to receive $400 from Trudy.
• D) Because of the extra work involved, Trudy will be required to deduct only half of the $100 from Theresa's debt, leaving Theresa owing $350.
• E) After the $100 is deducted, Trudy and Theresa will be required under the UCC to split the difference leaving Theresa owing $150.

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Definitions:

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, ranging from -1 to 1, where 1 means perfect positive correlation and -1 means perfect negative correlation.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.

IQ Scores

Numerical assessments derived from standardized tests designed to measure human intelligence and cognitive abilities relative to an age group.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most occurrences take place around the average.