Examlex
When many customers share a strong need that cannot be satisfied by any existing products or services,this is known as ________.
Market Price
The current value at which an asset or service can be bought or sold in a market.
Contract Price
The total monetary amount that is agreed upon by the parties involved for the performance of contractual obligations.
Statute of Limitations
The law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.
Nonconforming Goods
Products delivered under a sales contract that fail to meet the specifications, quality, or quantity required by the agreement.
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