Examlex
Explain the seller's remedy of avoidance of installment contracts.
Risk Of Loss
The potential for an asset to decrease in value or for an investment to lose money.
Insurable Interest
A requirement indicating that a person or entity must have a direct stake in the preservation of the insured item or person to legally purchase insurance on that item or person.
Simple Delivery Contract
An agreement where the delivery of a product is made immediately upon completion of the sale.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights concerning specific terms.
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