Examlex
The fair market value of a plant asset is always the same as its book value.
Breaches
Instances where parties fail to fulfill their obligations or violate the terms of a contract or agreement.
Duty
A moral or legal obligation to perform or refrain from performing a certain action.
Rescind
To revoke, cancel, or repeal a contract, agreement, or law, making it as though it never existed.
Tenant
An individual or entity that occupies property or land rented from a landlord or owner.
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