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What is the impact of the Internet on pricing strategies?
Liability
refers to the legal responsibility for one's actions or for causing harm, which can result in having to pay damages or fulfill certain obligations.
Bailor
An individual who temporarily transfers possession of a piece of personal property to another (the bailee) under an agreement.
Gross Negligence
An act committed with extreme reckless disregard for the property or life of another person.
Bailee
A person or entity that temporarily holds property belonging to another under a bailment agreement, usually for a specific purpose.
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