A Buyer Who Is Not a Merchant in Boats Is

question 83

Multiple Choice

A buyer who is not a merchant in boats is at a boat store and orally agrees to purchase a sailboat for $2,000.The buyer sends a written confirmation to the boat dealer the next day describing all relevant terms of their agreement.When the buyer goes to the store a week later to pick up the boat,the store refuses to sell the boat for $2,000.Which is true?

• A) This contract is not enforceable because it is not in writing.
• B) This contract is enforceable because the boat dealer did not object to the written confirmation.
• C) This contract is enforceable if $2,000 is a reasonable price for the boat.
• D) This contract is enforceable because the boat dealer is a merchant.
• E) The firm offer rule would require the boat to be sold at the offered price of $2,000.

Calculate and understand the implications of the trimmed mean for a given data set.

Understand the calculation of sample mean and its distinction from population mean.

Grasp the concept of sample statistics as summary measures for data analysis.

Understand the concept and calculation of the coefficient of variation as a measure of relative variability.

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