Examlex
An activity ratio that measures how many times the inventory is turned over to meet the total sales figure is called the inventory turnover.
Implied Warranty
A legal assurance that goods or services meet a minimum level of quality, irrespective of whether it has been explicitly stated.
Merchantability
A warranty implied by law that goods sold by a merchant are fit for the general purpose for which they are sold.
Remedy Limitation
Restrictions or caps placed on the type or amount of compensation that can be received in a legal claim or lawsuit.
Unconscionable
A term describing actions or terms that are so unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.
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