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Suppose that the value of the euro fell from $1.32 on April 30, 2012, to $1.24 on July 5, 2012. This implies that during this period the euro _____ and the dollar _____.
Voidable Contracts
Agreements that may be legally rejected or enforced by one or more parties, often due to elements like misrepresentation or lack of capacity.
Stare Decisis
“Standing by the decision” a principle stating that rulings made in higher courts are binding precedent for lower courts.
Watered Stock
Stock that is issued to individuals below its fair market value.
Fair Market Value
The price a willing buyer would pay a willing seller in a transaction where both parties have reasonable knowledge of the relevant facts and neither is under compulsion to act.
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