Examlex
When Amazon buyers find books instantly, read sample pages and reviews posted by other readers, and begin reading purchased books within minutes after placing their orders, Amazon collects information about what books they looked at, the sample pages and reviews they clicked on, and the time spent on each activity. This is an example of a value exchange.
Limit Liability
A legal principle or provision that caps the amount one can be held responsible for in case of damage or loss.
Stop-payment Order
A request made to a bank by an account holder not to pay a check or transaction previously authorized.
Negligence
The failure to take reasonable care to prevent harm to others that a reasonably prudent person would have taken under the same circumstances.
Check 21 Act
A U.S. federal law that facilitates check truncation by creating a new type of negotiable instrument called a substitute check.
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