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What is arbitrage and how does it impact the exchange rate across foreign exchange markets?
Implied Warranty
A legal term for the guarantee or promise that a product will meet a minimum level of quality and functionality without being explicitly stated.
Particular Purpose
In a legal context, this refers to a specific use for which a product or service is intended or for which it is being sold to a consumer, who relies on the seller’s expertise.
Merchantability
A guarantee that a product will meet reasonable expectations of quality and usability for its intended purpose when sold.
Implied Warranty
A legal term referring to the assurances that a product will perform as expected, even though not explicitly stated by the seller.
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