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merchantable quality

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perishable goods

perishable goods  

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Overview Page
Subject:
Law
Goods that deteriorate over a short time (e.g. fruit and vegetables, which do not stay fresh for very long). In contract law, a contract for the supply of perishable goods ...
wear and tear

wear and tear  

A diminution in the value to an organization of a fixed asset due to the use and damage that it inevitably sustains throughout its working life. It is one of the causes of depreciation.

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