Examlex
The denominator in a predetermined overhead rate is usually
Uniform Commercial Code
A set of laws that provide a standardized and comprehensive framework for the regulation of commercial transactions across the United States.
Cure
A breaching party’s right to provide conforming goods when nonconforming goods were initially delivered; subject to a reasonable time test.
Perfect Tender Rule
A legal principle in commercial law that sellers must deliver goods that exactly meet the terms of the contract without any deviation.
Material Breach
A substantial breach of a significant term or terms of a contract that excuses the nonbreaching party from further performance under the contract and gives the nonbreaching party the right to recover damages.
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