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It is an irrevocable and binding legal agreement between a buyer, a seller and a business broker. In an IFPA, the objective is to reach a private agreement for the placement or purchase of a commodity or other piece of merchandise that has been clearly identified and negotiated in bulk. The buyer or seller offers a private business broker a fee ...
An example would be the online marketplace, eBay. A seller known for selling high-quality goods can further enhance its reputation by utilizing eBay's reputation system. There is an incentive for the seller to do so, as buyers who derive utility from purchasing the product are naturally inclined to source their purchase from high-quality sellers.
A privacy policy is a statement or legal document (in privacy law) that discloses some or all of the ways a party gathers, uses, discloses, and manages a customer or client's data. [1]
PayPal states the Seller Protection Policy is "designed to protect sellers against claims by buyers of unauthorized payments and against claims of non-receipt of any merchandise". The policy includes a list of "Exclusions" which itself includes "Intangible goods", "Claims for receipt of goods 'not as described '", and "Total reversals over the ...
Consumer protection law or consumer law is considered as an area of law that regulates private law relationships between individual consumers and the businesses that sell those goods and services. Consumer protection covers a wide range of topics, including but not necessarily limited to product liability , privacy rights , unfair business ...
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For example, Visa and MasterCard explicitly bar the seller from offering a money-back guarantee past 90 days from purchase. Issues relating to false guarantees have become so common in the United States that the Federal Trade Commission has specifically addressed the issue in the Code of Federal Regulations Handbook (§ 239.3) [ 2 ] .
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