Examlex
A corporation realizes a NLTCL this year.The loss cannot be deducted in the current year.It must be carried back two years and then carried forward 20 years.
Title
A formal right of ownership of property, indicating the holder has legal control and rights regarding its use or transfer.
Risk
Potential loss from destruction or damage to goods, injury, or other eventuality.
Seller's Place
The physical or juridical location where the seller operates, often relevant in legal and commercial transactions.
Freedom of Contract
The principle that individuals have the liberty to freely enter into contracts and agree on terms without undue interference.
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