Examlex
If the internal rate of return project evaluation method is utilized an individual project would be accepted if it had:
Reasonable Time
A time frame which is fair and appropriate under the circumstances, often interpreted within the context of contract performance.
Ratify
To formally approve or confirm an agreement, contract, or decision, often after the fact, to make it officially valid and binding.
Age of Majority
The legally defined age at which an individual is considered an adult, with all the rights and responsibilities that entail.
Traditional Rule
A principle or doctrine that has been established through historical usage and has become widely accepted and practiced.
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