Examlex
Longhorn Partnership reports the following items at the end of the current year: What is the partnership's ordinary income? Which items are separately stated?
Exclusive Jurisdiction
Refers to the authority of only one court or jurisdiction to hear and decide a particular case, to the exclusion of all others.
Original Jurisdiction
The power of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews the decisions of lower courts.
Foreign Ambassador
An official representative of a country's government sent to a foreign country to manage diplomatic relations.
Standard of Proof
The level of evidence necessary to prove a legal claim or charge, varying by legal context, such as "beyond a reasonable doubt" in criminal cases or "preponderance of the evidence" in civil cases.
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