Examlex
A disadvantage of the modular organization is that it decreases operational costs due to its dependence on outsiders.
UCC
The Uniform Commercial Code encompasses a wide-ranging body of legal principles that control commercial transactions across the United States.
Installment Contract
An agreement where payment is made in parts over a period, typically for real estate or high-value items, until the total price is paid in full.
Substantial Impairment
A legal concept referring to a significant decrease in the value or function of something, often related to contractual performance or property condition.
Commercial Impracticability
A doctrine under contract law that excuses a party from performance of the contract when unforeseen events make the fulfillment extremely difficult or expensive.
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