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A steer must eat at least 100 pounds of grain to gain less than 10 pounds of muscle tissue.This illustrates
Auctioneer
A person authorized to conduct auctions, responsible for accepting bids and declaring goods sold.
Statute Of Frauds
A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, to prevent fraud and perjuries.
Oral Modification
An agreement to change the terms of a contract using spoken words rather than written documentation.
Unconscionable
A term describing a contract or practice that is unjust or extremely one-sided in favor of the party who has the superior bargaining power.
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