The Following Events Occurred Before the Goods or Parts of the Goods

question 59

Multiple Choice

The following events occurred before the goods or parts of the goods were destroyed by fire.In which case would the buyer suffer the loss?

• A)Justin contracted for a piano that had to be tuned before it was in a deliverable state.It was tuned,but Justin had not been notified that it was ready.
• B)Jaspers contracted for four standard-sized cupboards for the kitchen.The boards had been cut,but they had not been assembled.
• C)Manchesco chose which of the chairs he wanted and contracted for them,but he had agreed to pay and pick them up the next day.
• D)McGrady ordered a chainsaw advertised in the Sears catalogue.
• E)Heinz contracted for all the corn in silo A.The seller still had to weigh the corn to determine the price.

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Definitions:

Regression Trend Line

A line on a scatter plot, derived from regression analysis, that shows the main trend of the relationship between two variables.

Mean Absolute Deviation

Mean absolute deviation is a measure of variability that represents the average absolute difference between each data point and the mean of the data set.

Sum of Squares

A statistical measure that quantifies the variance within a dataset by summing the squared differences between each value and the mean.

Forecast Accuracy

The degree to which forecasted values correspond with actual values over a specified period.