Examlex
Which of the following accounts is increased with a debit?
Self-Destructs
An act of causing oneself or something to fail or to be destroyed, often implying a mechanism or choice leading to self-ruin.
Third-Party Claim
A claim made by a defendant against someone who is not already a party to the lawsuit, asserting that this "third party" is actually liable for the plaintiff's damages.
Privity of Contract
A principle indicating that only the parties involved in a contract have the rights and obligations arising from it.
Buyer's Obligation
A purchaser's duty to pay the agreed price for goods or services and to comply with the terms of the contract of purchase.
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