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Contract Liability
The legal obligation that arises from entering into a contract, where parties are bound to fulfill the terms of the contract.
Warranty Liability
The legal obligation of a seller to compensate the buyer for defects or issues in the sold product or service that were guaranteed against in a warranty.
Nonconsumer Transaction
A transaction that primarily involves goods, services, or property intended for business or commercial purposes, rather than personal, family, or household use.
Personal Claims
Legal claims relating to or affecting a person's private rights, often involving compensation for personal harm or damage.
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