Examlex
"The bias in the CPI distorts private contracts because a future payment that is linked to the CPI will be raised above the true increase in the price level." Is the previous sentence true or false?
Statutorily Established Liquidated Damages
Damages specified by law for certain breaches of contract, where actual damages are difficult to ascertain.
Firm Offer
A binding promise made by a seller to hold an offer open for a specified period of time, not requiring consideration to be enforceable under certain conditions in commercial transactions.
Breach of Warranty
Failure to fulfill the terms of a promise or guarantee made about the quality or duration of a product or service.
Installation
The process of setting up or fitting equipment, software, or hardware for it to be ready for use.
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