buyer’s market
A market in which supply significantly exceeds demand, resulting in lower prices.
Search Results for: buyer's market
fixed price contract
A contract in which the buyer agrees to pay the seller a definite and predetermined price regardless of increases in the seller’s cost or the buyer’s ability to acquire the same goods in the market at a lower price. [Cases: Sales 77. C.J.S. Sales §§ 26, 96–98.]
fixed price contract Read More »
release clause
release clause. Real estate. 1. A blanket-mortgage provision that enables the mortgagor to obtain a release from the mortgage of a specific portion of the property upon paying a specific (usu. more than pro rata) portion of the loan. • Mortgagees commonly include a clause that disallows a partial release if the mortgagor is in
lost volume seller
lost-volume seller. A seller of goods who, after a buyer has breached a sales contract, resells the goods to a different buyer who would have bought identical goods from the seller’s inventory even if the original buyer had not breached. • Such a seller is entitled to lost profits, rather than contract price less market
lost volume seller Read More »