Examlex

Solved

After He Had a Few Beers, Larry Reorganized the Closet

question 105

Multiple Choice

After he had a few beers, Larry reorganized the closet where he kept his sporting equipment. The next day, he could not find his tennis racquet. However, the following weekend, after having a few beers, Larry remembered where he put his racquet, an example of _____.


Definitions:

Stoppage in Transitu

Interruption or halt of the transportation of goods before they reach their final destination, typically due to legal or logistical issues.

Good Faith

An honest intention to act without taking an unfair advantage over another party, often underlying contractual obligations.

Implied Condition

A term in a contract that is not expressly stated but is assumed to exist to fulfill the contract's purpose.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," which implies that the buyer assumes the risk about the quality and condition of the product being sold.

Related Questions