Examlex
Given the following information, what is the value of the closing Arms?
Transaction
The action or process of conducting business or commercial exchanges, including buying, selling, or transferring goods, services, or funds.
UCC
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, aimed at standardizing regulations across state lines to facilitate smooth commerce.
Warranty
A legal guarantee provided by a seller regarding the condition, quality, or performance of a product or service.
Fitness for Particular Purpose
A guarantee that a product will meet the specific needs or uses the buyer informs the seller about at the time of purchase.
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