Web: of commercially acceptable quality : characterized by fitness for normal use, good quality, and accord with any statements or promises made on the packaging or label … WebNov 23, 2024 · The definitions of fair market value and commercial reasonableness have been updated and established as follows: Fair market value, and specifically as it relates to compensation arrangements, is defined as “The value in arms-length transaction, consistent with the general market value of the transaction.”. General market value means ...
Commercially Reasonable Manner legal definition of
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Merchantable Definition & Meaning - Merriam-Webster
Web1. the seller may adjust the price if his or her costs have risen more than 1%. 2. the contract is unenforceable if the goods which had been identified to the contract are … WebIn acquisitions for commercial items, the terms of an express warranty should be: Consistent with customary commercial practice. In order to use simplified acquisition procedures (SAP), the aggregate value of the acquisition and all its options: CANNOT exceed the simplified acquisition threshold, except for certain commercial items. WebCommercially reasonable efforts refer to efforts which use a standard of reasonableness defined by what a similar person would do as judged by the standards of the … how to delete my raid shadow legends account