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Explain the Meaning of the Generic Name for Retail Stores

question 48

Essay

Explain the meaning of the generic name for retail stores.


Definitions:

Principal's Benefit

The advantages or profits derived by an individual who has authorized another (an agent) to act on their behalf.

Disclosed

Revealed or made known, often referring to information that was previously private or confidential.

Implied Warranty

A legal guarantee that a product will meet a minimum set of standards of quality and functionality without being explicitly stated.

Breach of Contract

The failure to perform as stated or agreed upon in a contract.

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