Examlex
Write 7.1 as a decimal.
Good-faith Purchaser
A good-faith purchaser is an individual or entity that buys property without knowledge of any existing claims or defects against it, thereby gaining legal protection.
Fair Market Value
The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Repair Shop
A business dedicated to fixing and maintaining vehicles, electronics, or other machinery.
Goods In Bailment
Purchased goods that are in some kind of storage under the control of a third party, such as a warehouseman.
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