Examlex
A salesperson should actively seek and manage information gathered through buyer-seller contact and collaboration to develop insight regarding the buyer's changing situation, needs, and expectations.
UCC
Pertains to the Uniform Commercial Code, which is a detailed collection of regulations that oversee business dealings within the United States.
Implied Warranties
Unspoken, unwritten promises ensured by law that guarantee the goods sold meet certain criteria of quality and usability without expressly stating them.
Express Warranty
A written or verbal promise made by a seller to a buyer about the quality or nature of a product, offering assurance that certain facts or conditions are true.
Magnuson-Moss Warranty Act
A federal law in the United States that governs warranties on consumer products to ensure protection and rights for consumers.
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