|§ 1402.2||Sales of inventory|
|§ 1402.3||Submission of offers, terms, and conditions|
|§ 1402.4||Information availability|
|§ 1402.5||Late payments|
Terms Used In 7 CFR Part 1402 - Policy for Certain Commodities Available for Sale
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC