Examlex
Predatory pricing occurs when a company lowers its prices below cost to drive competitors out of business.
Condition
A stipulation in a contract that must be met for the contract to be legally binding, or an event whose occurrence or non-occurrence affects the validity of the contract.
Warranty
A guarantee, provided by a seller or manufacturer, assuring the quality, performance, or lifespan of a product, often implying repair or replacement if specifications are not met.
Tender Of Performance
An unsuccessful (because it is rejected or prevented by the other party) attempt by one of the parties to a contract to perform its obligations under the contract.
Breach Of Contract
The violation of any agreed-upon terms or conditions in a binding contract, which can lead to legal consequences for the party in breach.
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