To Effect a Clause in an Agreement Is to Determine

question 33

Short Answer

To effect a clause in an agreement is to determine the tax consequences of that clause.

---

Definitions:

Golden Mean

Aristotle's concept of finding the desirable middle between two extremes, one of excess and the other of deficiency.

Theory of Moderation

A philosophical principle suggesting that moderation in all things is the key to a good life, avoiding extremes in behavior, beliefs, and actions.

Athenian Gentleman

Historical term referring to a male citizen of ancient Athens who adhered to principles of personal virtue, wisdom, and civic responsibility.

Human Excellence

Refers to the highest quality or state of being outstanding or superior, particularly in moral virtue, talents, or achievements.