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Figure 1
-Refer to Figure 1. The Q- point is approximately at
Consideration
Something of value that is exchanged between parties in a contract, a critical element for the contract to be legally binding.
Implied Warranties
Guarantees that are not written down or explicitly stated but are understood to exist in a transaction, providing assurance that a product or service will meet certain standards.
Assignor
The party in a contract who transfers their rights or interests to another party, known as the assignee.
Assignee
An individual or entity to whom rights or obligations are transferred from another party.
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