Examlex
The supply chain comprises many links, such as links between suppliers that provide inputs, links to manufacturing and service support operations that transform the input into products and services, and links to the distribution and local service providers that localized the product.
Fraudulent Misrepresentation
The tort that occurs when a misrepresentation is made with the intent to facilitate personal gain and with the knowledge that it is false.
Justifiable Reliance
The principle that a party has acted upon another's representation with a reasonable belief that it was true, often relevant in cases of fraud or misrepresentation.
Nondisclosure
A failure to provide pertinent information about a projected contract.
Basic Assumption
A fundamental principle or belief that is accepted as true without proof.
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