Lon's GPS,Inc

question 35

Essay

Lon's GPS,Inc.orders 500 Class A widgets to be installed in GPS units they are manufacturing.When delivery is made on Monday,the widgets delivered are Class
B. Lon's signs a receipt accepting the nonconforming shipment. The next day, Lon's installs some of the Class B widgets and finds that the Class B widgets perform with half the accuracy of the Class A widgets. What if any options does Lon's have?
In most cases when a shipment of nonconforming goods is accepted, the buyer may seek to adjust the price if applicable but they forfeit the right to subsequently reject the goods. In this situation however, the UCC provides that if nonconforming goods are accepted and the nonconformity is found to substantially impair the value of the goods, the buyer may in fact revoke acceptance if done within a reasonable time.

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Definitions:

SST

Sum of Squares Total, a measure used in statistical analysis that quantifies the total variation within a dataset.

Independent Variable

In an experimental setup, it's the factor that is intentionally manipulated to measure its impact on the dependent variable.

Multiple Regression Model

An analytical approach that connects a dependent variable with two or more independent variables.

Multiple Regression Analysis

A statistical technique that models the relationship between a dependent variable and two or more independent variables by fitting a linear equation to observed data.