15:30
do we think vandy is releasing more or ppl are just seeing the email?
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LSDefine
Simple English definitions for legal terms
commercial unit
Read a random definition: double assessment
A quick definition of commercial unit:
A commercial unit is a group of things that are considered one thing for renting or selling purposes. If you break it up, it won't be worth as much. It can be one thing, like a machine, or a group of things, like a set of furniture. It can also be a certain amount of something, like a bale or a carload. Basically, it's something that people treat as one thing when they use it or buy it.
A more thorough explanation:
Definition: A commercial unit is a group of goods that are considered a single entity for the purpose of leasing. If the unit is divided, it would significantly reduce its value in the market or its usefulness. According to the Uniform Commercial Code (UCC) § 2-105(6), a commercial unit can be a single item, a set of items, a quantity, or any other unit that is treated as a single entity in the market or in use.
- A machine
- A suite of furniture
- An assortment of sizes
- A bale
- A gross
- A carload
For example, a suite of furniture is considered a commercial unit because it is sold as a set and dividing it would significantly reduce its value. Similarly, a carload of goods is considered a commercial unit because it is sold as a single entity and dividing it would make it difficult to transport and sell.