...loading... ↑
≡

user comments

thank you, come again!
Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

COMMERCIAL UNIT

a unit considered by trade (or usage) to be a whole that cannot be divided without materially impairing its value/character/use (eg, a washing machine; etc.). Since acceptance of any part of a commercial unit constitutes acceptance of the whole, the term becomes significant when a buyer attempts to reject part of a contract for nonconformance. If the item rejected is part of a commercial unit, then the rejection will not be allowed.
Congratulations! You're now Froogled Up™ on what "Commercial Unit" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,



www.FroogleMe.com
iconAllInOne All-in-One iconTOC Table of Contents iconExclmtnPnt Disclaimer
iconActuarial Actuarial iconGraph Analysis iconGraph Calculators
logoHTML Constitutions: US
iconGlossary "Actuary"
You Might Also Like