Examlex

Solved

Normally, the Buyer Does Not Have the Right to Inspect

question 31

True/False

Normally, the buyer does not have the right to inspect the goods before she accepts or pays for them.


Definitions:

Jointly and Severally

A legal term indicating that two or more parties are fully responsible both together and individually for a liability or obligation.

UPA

Abbreviation for "Uniform Partnership Act," a uniform law regulating the formation, operation, and dissolution of partnerships in the United States.

Term Partnership

A partnership that is set up to run for a set time period or in order to accomplish a task of some sort.

Unlimited Liability

The legal obligation of business owners to pay all of their business debts personally, without limit, which exposes personal assets to risk.

Related Questions