Examlex
Any increase in efficiency increases only profits of producers, with no increase in output.
Breach of Contract
The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.
Merchant
An individual or business involved in the wholesale or retail sale of goods.
Firm Offer
A proposal in business transactions that remains valid for a specified period and cannot be revoked during that time.
Merchant
An individual or business engaged in the wholesale or retail trading of goods and services, traditionally involved in buying and selling with the aim of earning a profit.
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