Facts and Figures Obtained by Watching,either Mechanically or in Person,how

question 114

Multiple Choice

Facts and figures obtained by watching,either mechanically or in person,how people actually behave are referred to as __________ data.

• A) virtual
• B) observational
• C) hypothetical
• D) primary source
• E) statistical

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Definitions:

Merchantable Quality

A condition implying that the goods are of a quality suitable for sale to a customer under the sale of goods legislation.

Inherent Defect

A flaw or imperfection in a product that exists due to its nature or design, not because of external factors.

Seller's Lien

A legal right or interest that a seller holds in the sold goods until the full purchase price is paid by the buyer, often used as a form of security.

Sale of Goods Act

A law regulating the sale of goods, providing rights, duties, and obligations of both buyers and sellers, ensuring fairness in transactions.