Examlex
Other things being equal,a decrease in the default risk of corporate bonds shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds to the ________.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing practices across states to facilitate easier trade and commerce.
Breach
The violation or non-fulfillment of a legal obligation, contract, or duty, whether by omission or commission.
Implied Warranty
A legal assumption in commerce that ensures the goods sold meet certain quality and usability standards, even if not expressly stated in a contract.
Particular Purpose
Refers to a specific reason or intention for which something is used, often implicating that the product or service is suitable for that intended use.
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