Examlex
An express warranty can be made orally or in writing.
Differentiated Products
Products that are distinguished from others through variations in quality, features, design, branding, or customer service.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Reaction Curve
A graph that shows how one player's optimal strategy choice depends on the strategy choice of another player.
Bertrand Model
An economic model of competition among firms in which they simultaneously choose prices rather than quantities, with the assumption that consumers choose the firm with the lowest price.
Q1: An after-acquired property clause in a consumer
Q5: In the absence of a liquidated damages
Q15: A merchant cannot revoke a firm offer
Q25: A bailee's lien gives the bailee the
Q30: Substantial impairment requires proof that goods are
Q41: When consigned goods are sold by a
Q42: In the case of a nonshipment contract,risk
Q46: In the case of an illegal contract,both
Q50: Despite consumer protection legislation,for most consumers pursing
Q54: A condition precedent must occur before a