Make a List of the Basic Steps Involved in Using

question 45

Essay

Make a list of the basic steps involved in using the quantity discount model and discuss each.

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Definitions:

Implied-In-Law Contract

An obligation created by law for equity and fairness, even though no actual agreement was made by the parties.

Quasi-Contract

An obligation imposed by law in the absence of a contract to prevent unjust enrichment, where one party receives a benefit at the expense of another without a formal agreement.

Causa Mortis

Refers to a gift given by someone in expectation of their imminent death, with specific legal ramifications.

Distant Future

A time period that is significantly far ahead, often undefined and speculative.