Examlex
Discuss the differences between business and consumer transactions.
Assignee
An individual or entity to whom rights or interests have been transferred by another party.
Statutory Assignment
An assignment that meets certain qualifications and under which the assignee can enforce a claim directly without involving the assignor.
Perished
Refers to goods or property that has been destroyed or has deteriorated to the point where it is no longer usable or valuable.
Lumber
Processed wood used for building and construction purposes.
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