Examlex
Explain what is meant by the aging-out process.
Conforming Goods
Goods that conform to contract specifications.
Contract Specifications
Detailed terms and conditions outlined in a contract that specify the requirements of the agreement.
Good Faith
A fundamental principle in contracts requiring parties to deal with each other honestly and without ulterior motives.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, aimed at harmonizing state laws.
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