Examlex
To avoid cannibalization within company product lines, firms often use
Third-Party Claim
A claim made by a defendant against someone who is not already a party to the lawsuit, asserting that this "third party" is actually liable for the plaintiff's damages.
Privity of Contract
A principle indicating that only the parties involved in a contract have the rights and obligations arising from it.
Buyer's Obligation
A purchaser's duty to pay the agreed price for goods or services and to comply with the terms of the contract of purchase.
Credit Sale
A transaction where goods or services are provided in exchange for a promise to pay at a later date.
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