Examlex
Discuss the differences between a tariff and a quota.Explain why quotas are considered to be a greater threat to competition than tariffs.
Price Reduction
A decrease in the selling price of goods or services, often used as a strategy to increase consumer demand or clear out inventory.
Void Contract
An agreement that lacks legal enforceability or is null from its inception due to certain legal deficiencies.
Installment Contract
A contract that requires periodic payments over time for the purchase of goods or services.
Substantial Impairment
Significantly diminished value, function, or condition of an asset or property.
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