Examlex
The following network depicts a transportation/distribution problem for Clifton Distributing. Formulate the LP for Clifton assuming they wish to minimize the total product-miles incurred.
Contract Specifications
Detailed terms and conditions outlined in a contract that specify the obligations, rights, and expectations of the parties involved.
Cover
A buyer’s or lessee’s purchase on the open market of goods to substitute for those promised but never delivered by the seller or lessor. Under the Uniform Commercial Code, if the cost of cover exceeds the cost of the contract goods, the buyer or lessee can recover the difference, plus incidental and consequential damages.
Remedies
Legal means for enforcing a right or redressing a wrong, including compensation, injunctions, and specific performance.
UCC
Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.
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