The representation, either expressed or implied, that a certain fact regarding the subject matter of a contract is presently true or will be true. Not to be confused with "guarantee,&quot [..]

Compounds that evaporate easily at room tempurature and often have a sharp smell. They can come from many products, such as office equipment, adhesives, carpeting, upholstery, paints, solvents, and cl [..]

A list of names and addresses of suppliers from whom bids, proposals and quotations might be expected. The list, maintained by the purchasing office, should include all suppliers who have expressed in [..]

Someone who sells something; a "seller."

A vendor whose response is not accepted for reasons such as price, quantity, failure to comply with specifications, etc.

A comprehensive modernization of various statutes relating to commercial transactions, including sales, lease, negotiable instruments, bank deposits and collections, funds transfers, letters of credit [..]

The instrument or document whereby ownership of property is established.

A wrongful act, other than a breach of contract, such that the law permits compensation of damages.

1. A quantity of freight to which truckload rates apply or a shipment tendered as a truckload.2. A highway truck or trailer loaded to its carrying capacity. See Less-Than-Truckload.

A phrase generally applied to the rules under which all bids must be submitted and the stipulations included in most purchase contracts; often published by the purchasing authorities for the informati [..]