Examlex
When using a perpetual inventory system, freight charges on goods purchased are debited to Freight-In.
Precedents
Previous cases or legal decisions that can be used as a guide for deciding similar future cases.
Common Law
A legal system based on judicial decisions and precedent rather than statutory laws, originating in England and used in the United States.
Judicial Review
The power of courts to assess the constitutionality of laws and government actions, and to annul those found to violate the constitution.
American Law
The body of legal statutes, regulations, and principles that govern the United States, encompassing federal, state, and local laws.
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