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Risk Of Loss
The potential that an investment's value may decrease, or that the property may be destroyed, damaged, or lost, impacting the holder's financial position.
Sales Contract
A legal agreement between a buyer and a seller which outlines the terms and conditions of a sale of goods or services.
Damaged Goods
Items that are broken, defective, or impaired in such a way that they cannot perform their intended function.
Risk Of Loss
Refers to the accountability for the damage or loss of goods, typically determined by the terms of sale or agreement.
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