Examlex
Which is important in using contingency management effectively?
Express Warranty
An explicit promise or assurance made by a seller about the condition, functionality, or quality of a product.
Sales Transaction
The process of exchanging a good or service for payment between a buyer and a seller.
Implied Warranty
A legal assumption that a product will meet basic standards of quality and functionality, even if not expressly stated.
Merchantable
A quality of goods being fit for the purpose for which such goods are ordinarily used, a requirement for sales under many commercial laws.
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