Examlex
Which of the following involves removing legal restrictions to the free play of markets,the establishment of private enterprises,and the manner in which private enterprises operate?
CIF
Cost, Insurance, and Freight, a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods.
Voidable Title
A legal status of property ownership that can be declared invalid by one of the parties involved, due to factors such as fraud or coercion at the time of acquisition.
Good Faith Purchaser
An individual who buys something without knowledge of a prior claim or lien against the property, therefore acquiring clean title.
Risk Of Loss
The potential for an asset to be lost, damaged, or diminished in value, and the question of who bears this risk under the terms of a contract.
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