Examlex
What is the difference between the optimizing strategies used in an English auction and a Dutch auction?
Puffing
Exaggerated or superlative comments or opinions made by sellers regarding the quality or desirability of their goods, not considered legally binding promises.
UCC
A complete legislative framework, the Uniform Commercial Code, oversees all commercial dealings within the United States.
Negotiate
The process of discussing terms to reach a mutual agreement in transactions, contracts, or disputes.
Implied Warranty
A legal assumption that the goods sold meet certain quality standards, including that they are fit for the standard purposes for which such goods are sold.
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