Examlex
To be useful,a segmentation scheme must produce segments that meet four basic criteria.The criteria are:
Fraudulent Inducement
A legal claim based on a misrepresentation of fact that leads another to enter into a contract or transaction with detrimental reliance on that misrepresentation.
Infancy
A stage in human development from birth up to, but not including, puberty; in legal terms, refers to a period during which a person is considered a minor and under the protection of guardians or parents.
Negotiability
Negotiability refers to the quality of a financial instrument that enables it to be transferred from one party to another in exchange for money or as payment.
Conditional Payment
A payment that is due only upon the occurrence of a specific event or satisfaction of a particular condition.
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