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Oral Modification
An agreement to change the terms of a contract using spoken words rather than written documentation.
Unconscionable
A term describing a contract or practice that is unjust or extremely one-sided in favor of the party who has the superior bargaining power.
Definition
A precise explanation of the meaning of a word or phrase, often distinguishing it from similar concepts.
Merchant
A person or company involved in wholesale trade, especially one dealing with foreign countries or supplying goods to a particular trade.
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