Examlex
The lower of cost or market is a method of inventory valuation.
Liable
Legally responsible or obligated.
Manufacturer's Warranty
A promise by the maker of a product regarding the condition, quality, or lifespan of the item they sell.
Sale of Goods Act
Legislation regulating the sale of goods, ensuring certain standards for transactions.
Title
The legal right to own, use, or dispose of property.
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