Examlex
An N-tiered architecture:
Express Warranty
A seller's promise or guarantee that a product will meet a specified level of quality and reliability.
Implied Warranty
An implied warranty is an unstated guarantee that a product will meet a minimum level of quality and functionality, as per the law or industry standards.
Substitute Goods
Products or services that can serve as replacements for each other; demand for one increases when the price of the other rises.
Sales Agreement
A contract between a buyer and a seller specifying the terms and conditions of the sale of goods or services.
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