Examlex
A situation in which the interest rate gets so high that consumers and companies no longer can afford to obtain credit is known as a liquidity trap.
Warranty of Merchantability
A guarantee that a product will meet reasonable expectations of quality and performance.
Writing
A type of documentation that shows contractual intent and satisfies the statute of frauds requirement.
States Require
A phrase indicating that individual U.S. states may have specific legal requirements or regulations that must be followed.
Merchantability
A warranty implied by law that goods sold are fit for the ordinary purpose for which such goods are used.
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