Examlex
The U.S. Department of Labor (DOL)estimates that at least 70 percent of employers are not in compliance with the FLSA.
UCC Mandated Duty
Required responsibilities established under the Uniform Commercial Code, applicable to transactions involving personal property.
Honest in Fact
Honest in fact refers to a principle in commercial law that describes being genuinely truthful and fair in one's dealings, without deception.
Perfect Tender Rule
A legal principle that demands a seller to deliver goods in accordance with the terms exactly as specified in a contract.
Conforming Goods
Products that meet the specifications and quality standards agreed upon in a contract.
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