Nero and Olav Each Buy Certain Quantities of Oil to Sell

question 66

Multiple Choice

Nero and Olav each buy certain quantities of oil to sell to Petro Refinery, and agree to share storage costs until Petro can take delivery. The oil is commingled so that Nero's oil cannot be distinguished from Olav's. This is

• A) accession.
• B) confusion.
• C) conversion.
• D) irresolution.

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Definitions:

Backfire

A situation where an attempt to achieve a result leads to the opposite effect, often worsening the situation.

Debate

A formal discussion on a particular topic where opposing arguments are put forward.

Test Condition

Specific circumstances or criteria established to conduct an experiment or test to observe outcomes or verify hypotheses.

Strongly Warrant

To greatly justify or provide sufficient reason for an assertion, claim, or action.