DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...
DefinitionValue engineering is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as...
DefinitionGazumping occurs when a seller accepts an oral offer on the property from one potential buyer, but then accepts a higher offer from someone...