Examlex
Adverse shocks such as the crop failures of 1972-1973 and the oil price increases of 1974 and 1979 pushed the economy's
Warranty Of Merchantability
An implied assurance that goods are sufficiently free from defect, fit for the general purpose for which they are sold.
Implied Warranty
A legal concept that guarantees a product will meet certain minimum standards of quality and functionality implied by law, even if not expressly stated.
Contract Terms
The specific provisions and conditions outlined in a contract that determine the rights and duties of the parties involved.
Statue Of Limitations
Legal time limits within which actions must be filed in court; beyond this period, claims are no longer enforceable. Note: The correct term is "Statute of Limitations."
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