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The Accounts Receivable account is increased by a credit.
Impossibility
A legal defense where a party claims it was not possible to fulfill the terms of a contract due to unforeseen circumstances.
Commercial Impracticability
A legal doctrine that excuses a party from fulfilling a contract due to unforeseen and extreme difficulties or expenses.
Adequacy of Consideration
The sufficiency of value exchanged in a contract that must be present for the agreement to be legally binding.
Warranty
An express or implied promise by a seller that specific goods to be sold meet certain criteria, or standards of performance, on which the buyer may rely.
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