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The punctuated equilibrium model only works for groups that successfully manage the midpoint transition.
Legal Tender
Money that may be offered legally in satisfaction of a debt and that must be accepted by a creditor when offered.
Buyer
An individual or entity that purchases goods or services.
Express Warranty
A seller's promise or guarantee that a product meets certain quality or performance standards.
Legally Enforceable
A term that describes a contract or obligation that is recognized by law and can be upheld in a court of law.
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