Examlex
Which of the following refers to pricing a product or service above its market value to pay for the loss of giving a product away for free or below its market value?
Freedom of Contract
The principle that individuals have the liberty to freely enter into contracts and agree on terms without undue interference.
Caveat Emptor
Latin for "let the buyer beware," indicating that the buyer assumes the risk for the quality and condition of goods purchased unless protected by warranty.
Sale of Goods Act
Legislation governing the sale of goods, prescribing the rights and duties of buyers and sellers.
Competition Bureau
A governmental agency responsible for enforcing laws to ensure fair competition, preventing monopolies, and promoting consumer interests.
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