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Derrick Offered to Purchase Perry's Vehicle for $3,050 Cash,with Perry

question 57

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Derrick offered to purchase Perry's vehicle for $3,050 cash,with Perry to deliver the vehicle the next Wednesday,at which time Derrick would pay the $3,050.On the Wednesday,when Perry did not deliver,Derrick went to Perry's home,and found him in his garden.Derrick offered Perry the money,but Perry refused,saying that he had changed his mind,and did not wish to sell his automobile.
-If Derrick had offered Perry exactly $3,050 in cash,he had made a valid tender of payment.

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Definitions:

Qualitative Data

Non-numerical information that describes qualities or characteristics of what is being studied.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of terms in the set.

Central Tendency

A statistical measure that identifies a single value as representative of a distribution of data, often summarized by the mean, median, or mode.

Measures Central Tendency

Statistics that describe the center of a data distribution, including mean, median, and mode.

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