Examlex
The percentage change in long-term liabilities between two balance sheet dates is an example of:
Illegality
The quality or state of being contrary to law; actions or conditions that are against the law.
Statute Of Frauds
A legal principle requiring certain types of contracts to be written and signed in order to be enforceable.
Bound By Contracts
A phrase indicating that parties are legally obligated to adhere to the terms outlined in a contract they have entered into.
Presumed
Accepted as true or valid based on the evidence until proven otherwise.
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