Examlex
The ______ sets the target for the overnight interest rate.
Perfect Tender Rule
This rule mandates that goods delivered under a sales or lease contract must exactly meet the terms of the contract, with any deviation allowing the buyer to reject the products.
Substantial Performance
A legal principle indicating that a party has completed enough of its contractual obligations to warrant payment, despite minor deviations from the contract terms.
Uniform Commercial Code
The Uniform Commercial Code sets forth guidelines for commercial transactions, aiming to standardize and streamline processes across state lines within the United States.
Good Faith
The honest intention to act without taking an unfair advantage over another party, often a requirement in contract law.
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