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AIG lost money because
Right to Revoke
The legal ability to cancel or withdraw from a contract or agreement within a certain period of time.
Sales Contracts
Legal agreements between buyers and sellers detailing the terms and conditions of a sale, including price, delivery, and product specifications.
Commercial Unit
A term used in law referring to goods or property that are considered a single whole for purposes of sale or lease, often due to their interconnectedness or the context of their use.
Bales of Hay
Compacted, bound, and often wrapped bundles of hay used for feeding livestock, as bedding, or for agricultural purposes.
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