Examlex
Sony offers a five-year warranty and a free customer hot line. Based on this action, consumers will most likely infer the brand personality traits of familiarity and sophistication.
Adverse Possession
A legal principle allowing a person to claim ownership of land or property owned by another if they openly occupy and use it for a certain period.
Profit
The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Consideration
An item of worth provided by each party involved in a contract, motivating them to agree to swap obligations reciprocally.
Ownership Right
The legal right to possess, use, control, and dispose of property or an asset.
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