Examlex
If amortization expense for an asset is the same every year, which method is being used?
Significant Performance
A legal concept in contract law indicating that a party has fulfilled enough of its contractual obligations to warrant payment.
Express Conditions
Clearly stated stipulations in a contract that must be met for contractual obligations to be performed or for certain outcomes to take place.
Discharge
The completion, termination or nullification of a legal obligation or duty.
Obligations
Duties or responsibilities imposed by law, contract, or moral principals.
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