Examlex
@RISK uses Monte Carlo simulation to answer "what-if" questions and allows planners and decision makers to take into account all possible outcomes of any particular course of action.
Nonconforming
Refers to goods that fail to meet the specifications or requirements set forth in a contract.
Perfect Tender Rule
A legal principle requiring sellers to deliver goods to buyers exactly as specified in their contract, with no deviations.
Course of Performance
A legal concept referring to the conduct between parties in the execution of a contract, helping to interpret or modify the contract's terms.
Late Delivery
The failure to transport or send goods to the designated recipient within the agreed timeframe.
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