Examlex
If the express terms of a written contract are unclear,the court can consider the previous conduct of the parties,in interpreting the contract.
Cost Method
An accounting method used for recording investments, where the investment is recorded at purchase cost without subsequent change for market value fluctuations.
SPE
A Special Purpose Entity is a legal entity created by a firm specifically to isolate financial risk, typically for securitization or financing projects.
Primary Beneficiary
The main individual or entity intended to receive the benefits from a trust, insurance policy, or other fiduciary arrangement.
Fair Value
An estimation of the market value of an asset or liability based on current market conditions.
Q25: Rescission is available for a contract involving
Q36: Sara has graduated law school and passed
Q37: Nominal damages are usually awarded in a
Q54: If the exchanged consideration is consumed or
Q57: Where there has been a material breach
Q59: Acceptance of goods occurs if the seller
Q66: With an assignment of rights,an obligee generally
Q110: Usually,a person cannot assign a currently nonexistent
Q145: In a novation,only one of the original
Q150: Jenny agreed to buy Darren's car for