Services Possess Several Distinct Characteristics Different from Physical Goods,including Intangibility,inseparability,variability,and

question 40

True/False

Services possess several distinct characteristics different from physical goods,including intangibility,inseparability,variability,and perishability.

---

Definitions:

Specific Performance

A legal remedy requiring a party to perform a specific act, usually in fulfillment of a contract.

Statute Of Limitations

A law prescribing a period of limitation for the bringing of certain types of legal action.

Civil Wrongs

Acts or omissions that cause harm or loss to another person, and are the basis for a lawsuit in civil court, distinct from criminal acts.

Specific Performance

A legal remedy that requires a party to fulfill their contractual obligations, rather than just paying damages.