Examlex
In periods of falling prices,LIFO will result in a higher ending inventory valuation than FIFO.
Injunctive Relief
A legal remedy in the form of a court order that compels someone to do or refrain from doing specific acts.
Warranty Rights
Legal guarantees provided by a seller to a buyer regarding the condition and functionality of a product.
Implied Warranty of Merchantability
An unwritten and unspoken guarantee that a product is fit for the general purpose for which it is sold and meets the standard quality and performance expected for such goods.
Seller
An individual or entity that offers goods or services for sale.
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