Examlex
Adaptability is a valuable attribute of supply chains, affording an option to switch to alternative supply chains in times of need.
Medium-Grade Quality
Describes products or materials that meet a standard of performance or durability that is considered average or moderate in comparison to others.
Breach of Warranty
The failure to fulfill the terms of a promise, guarantee, or warranty in a contract, leading to potential legal action for damages.
Repossesses
The act of a lender or seller taking back property when the borrower fails to make payments as agreed.
Prior Claim
A right or claim that takes precedence over others, having seniority in time or order of obligation.
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