Legal Definitions - B.

Definition: B is an abbreviation for various terms, including:

• BARON(3)
• B2B, which stands for BUSINESS-TO-BUSINESS, as in a B2B transaction
• B2C, which stands for BUSINESS-TO-CONSUMER, as in a B2C transaction
• BA, which refers to a banker's acceptance under ACCEPTANCE(4)
• BABY ACT, PLEADING THE, which is a slang term for the act of asserting a person's infancy as a defense to a contract claim

For example, a company selling products to another company would be engaged in a B2B transaction. On the other hand, a company selling products directly to consumers would be engaged in a B2C transaction. If a person receives a banker's acceptance, they can use it as a form of payment. Finally, if someone is sued for breaching a contract, they may plead the baby act as a defense if they were underage when they entered into the contract.