Examlex
Which of the following results from a price ceiling?
i.increased search activity
ii.surplus
iii.black market
Merchant
An individual or business that sells goods or services in the market.
Article 2
Refers to a portion of the Uniform Commercial Code that deals with the sale of goods.
Provisions
Specific clauses or articles in a contract or legal statute detailing certain conditions, requirements, or stipulations.
Unconscionability
A legal doctrine that describes terms so extremely unjust, or overwhelmingly one-sided in favor of the party who has the superior bargaining power, that they are deemed contrary to good conscience.
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