Examlex
Suppose you want a snack after taking this exam. Dominos is located across the street from your College of Business classroom. Unfortunately, you forgot your wallet in the haste of getting to class on time to take the test. Therefore, you have no means to pay for the pizza. Which of the following reasons explain why marketing fails to occur here between you and Dominos?
Implied Covenant
An obligation between parties that is not explicitly stated in a contract but is presumed to exist to facilitate the contract's purpose and ensure fairness.
Good Faith
Conducting oneself with honesty, fairness, and sincerity in dealings or transactions, without the intention to deceive or defraud.
Mortgage Loan
A loan secured by the collateral of specified real estate property, where the borrower is obliged to pay back with a predetermined set of payments.
Duty To Buy
An obligation, usually legal or contractual, to purchase a specific product or service.
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