Examlex
A current ratio of 2 to 1 is always acceptable for a company in any industry.
Implied Warranty
A legal guarantee that a product will meet certain standards of quality and reliability even if not explicitly stated in a contract.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, designed to standardize and harmonize sales and commercial transactions across state lines.
Express Warranty
A written guarantee by the seller about the quality or performance of a product, provided at the time of sale.
Specific Performance
A legal remedy where a court orders a party to perform a specific act, often in lieu of damages.
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