Examlex
-What are the arrows pointing to in the accompanying figure?
Merchants
Individuals or entities engaged in the business of buying and selling goods for profit, often with expertise in the trade of specific types of goods.
Higher Standard
A level of quality or attainment that is above the ordinary or expected.
Nonmerchants
Individuals or entities that do not engage in buying, selling, or dealing in goods as their regular business activity.
Unconscionable Contract
An agreement that is so unfairly one-sided that it is deemed unenforceable under the law.
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