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Sale of Goods Act
is a legal statute that governs the sale of goods, providing rights, duties, and obligations for both buyers and sellers in a transaction.
Risk
Risk involves the possibility of losing something of value or the potential for an action or event to lead to an undesired outcome, often quantified in terms of probability and impact.
Negotiable Instruments
Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are transferable by endorsement.
Significance
The importance or meaning attached to something, often relevant in the context of making legal, social, or scientific determinations or judgments.
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