Purchaser
121Mobile emission reduction credit — Energy portal A mobile emission reduction credit (MERC) is an emission reduction credit generated within the transportation sector. The term “mobile sources” refers to motor vehicles, engines, and equipment that move, or can be moved, from place… …
122nemo dat quod non habet — a person cannot grant a better title than he himself has. This principle (which applies across English property law) is embodied in the Sale of Goods Act 1979 (as amended) applying to the whole of the UK. Thus, a sale by a non owner will confer… …
123caveat emptor — Latin: let the buyer beware A maxim implying that the purchaser of goods must take care to ensure that they are free from defects of quality, fitness, or title, i. e. that the risk is borne by the purchaser and not by the seller. If the goods… …
124tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …
125trade — The act or the business of buying and selling for money; traffic; barter. May v. Sloan, 101 U.S. 231, 25 L.Ed. 797. Purchase and sale of goods and services between businesses, states or nations. Trade is not a technical word and is ordinarily… …
126ACQUISITION — (Heb. קִנְיָן; kinyan) the act whereby a person voluntarily obtains legal rights. In Jewish law almost all kinds of rights, whether proprietary (jus in rem) or contractual (jus in personam; see obligations ), can be voluntarily acquired only by… …
127BUSINESS ETHICS — The Role of Wealth Any discussion of business ethics, within any cultural or religious framework, requires at the very outset a definition of the role of material wealth, financial assets, and other forms of economic possessions. Furthermore,… …
128CONSUMER PROTECTION — is a new area of law; hence, the term does not appear in classical sources of Jewish law. The meaning of the concept is implied in the term itself: our generation is one of abundance, with great demands, numerous consumers, and extensive… …
