Examlex
Which of the following is an example of a positive externality?
Sale
The transaction between a buyer and a seller in which the ownership of goods is transferred in exchange for payment.
Common Law
Law that is derived from judicial decisions and customary practices rather than statutes, prevalent in countries with a history of British colonial rule.
Express Warranties
Explicit guarantees provided by a seller regarding the condition, functionality, or performance of a product.
Non-material Term
Aspects of a contract or agreement that do not constitute its essential substance, often concerning minor or secondary details.
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