Examlex
Defensive stocks typically provide worse returns during periods of economic downturn.
Mutual Assent
Mutual assent is the agreement between parties to enter into a contract, demonstrated by offer and acceptance.
Counteroffer
A proposal made in response to an initial offer, containing different terms that must be accepted for a contract to be legally binding.
Merchant
An individual or business entity engaged in the buying and selling of goods for profit, typically possessing specialized knowledge in the goods traded.
Article 2
A specific section of the Uniform Commercial Code (UCC) that governs the sale of goods in the United States.
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