Examlex
Term for identification: Carthage
Insolvent Buyer
An individual or entity that cannot meet financial obligations or pay debts as they become due.
Reclaim Goods
The process by which a seller or creditor regains possession of goods from a buyer due to nonpayment or breach of contract.
Consequential Damages
Refers to indirect damages that arise not from a breach of contract itself but as a foreseeable result of the breach.
Defective Widgets
Products, specifically widgets, that fail to meet the required quality or functional standards, potentially leading to legal liability for manufacturers or sellers.
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