Examlex
Why are businesses and individuals increasingly opting for a nonjudicial dispute resolution?
Damage
Physical harm that impairs the value, usefulness, or normal function of something, often requiring repair or compensation.
Nonconforming Goods
Products that are delivered to a buyer that do not meet the specifications or requirements as stated in the purchase contract.
Deficiency
In legal and financial terms, deficiency refers to the shortfall between the owed debt and the proceeds from a sale of collateral or asset used to repay it.
Cure
The process of resolving a breach of contract in a manner that satisfies the aggrieved party or terms of agreement.
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