Erte Holds 1,000 Pounds of Perishable Fruit in Storage for Fresh

question 42

Multiple Choice

Erte holds 1,000 pounds of perishable fruit in storage for Fresh Stuff Corporation.Fresh Stuff does not pay for the storage.Erte sells the fruit to Green Grocers,Inc.This sale represents

• A)a breach of contract.
• B)a mitigation of damages.
• C)rescission and restitution.
• D)specific performance.

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Definitions:

Range

The difference between the highest and lowest values in a set of data, indicating the spread or dispersion.

Standard Deviation

An indicator of the extent of variability or spread in a dataset, showing the degree to which the values deviate from the average.

Median

The middle value of a data set when it is arranged in ascending or descending order.

10th Percentile

A value below which 10% of the data fall, often used in statistics to show lower extremes of a distribution.