Examlex
Identify the following:
-Indexing
Caveat Emptor
A Latin phrase meaning "let the buyer beware," implying that the buyer assumes the risk about the quality and condition of the product being sold.
Standard Form Contract
A contract with fixed terms prepared by a business.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Binding
Having the effect of a legal obligation that must be adhered to; able to enforce a legal obligation.
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