If the Parties to a Sales Contract State That a Certain

question 25

True/False

If the parties to a sales contract state that a certain remedy is exclusive,then it is the sole remedy.

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Definitions:

Market Value

The current quoted price at which an asset or service can be bought or sold in an open market.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by issuing more shares to current shareholders.

Market Price

The current trade value at which a service or asset can be exchanged.

Shares Outstanding

The complete count of a corporation's shares currently in possession of all shareholders, including those owned by institutional investors and the restricted shares held by the company's executives and insiders.