11:16
LSAT can be one of the drills
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Warning
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LSDefine
Simple English definitions for legal terms
preventive punishment
Read a random definition: right of retainer
A quick definition of preventive punishment:
Price is the amount of money or other things that are given in exchange for something else. It is the cost at which something is bought or sold. For example, when you buy a toy, you pay a price for it. The price can be agreed upon by both the buyer and the seller or set by the government. There are different types of prices such as the asking price, bid price, market price, and sales price. The price can also be affected by factors such as supply and demand, competition, and government regulations.A more thorough explanation:
Definition: The amount of money or other consideration asked for or given in exchange for something else; the cost at which something is bought or sold.
Examples:
- Agreed price: The price for a sale, especially of goods, arrived at by mutual agreement.
- Market price: The prevailing price at which something is sold in a specific market.
- Wholesale price: The price that a retailer pays for goods purchased (usually in bulk) from a wholesaler for resale to consumers at a higher price.
These examples illustrate how price refers to the amount of money or other consideration that is exchanged for something. The agreed price is the price that both parties have agreed upon for a sale, while the market price is the prevailing price in a specific market. The wholesale price is the price that a retailer pays for goods purchased from a wholesaler for resale to consumers at a higher price.