Examlex
The implied warranty of merchantability applies to the box as well as the breakfast cereal inside the box.
UCC
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, including sales of goods and secured transactions, in the United States.
Remedies
Legal means through which a right is enforced or the violation of a right is prevented, redressed, or compensated.
Liquidated Damages
A provision in a contract that predetermines the amount of damages to be paid if a party breaches the agreement.
Contract Breach
The inability to fulfill a term of a contract, whether it's in written or oral form, without a valid legal justification.
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