Examlex
What is the pecking order theory and what are the implications that arise from this theory?
Warranty
A guarantee provided by a manufacturer or seller regarding the condition of a product and a promise of repair or replacement if the product does not meet specified criteria.
Government Bonds
Debt securities issued by a government to finance its expenditures, offering a fixed or variable interest rate over time.
Private Company
A business entity owned by private individuals or entities, not publicly traded on the stock market, and not subject to the same reporting requirements as a public company.
Merchantable Quality
A standard that ensures goods are of a quality that is acceptable for sale and fit for the purpose for which they are bought.
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