Examlex
A "U.S. shareholder" for purposes of CFC classification is any U.S. person who owns directly, indirectly, and constructively at least 50% of the voting power of a foreign corporation.
UCC
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the laws across states.
Cancelling Contract
The legal act of nullifying an agreement, making it legally void and releasing all parties from their obligations under that agreement.
Remedy
in law, signifies the means by which a court of law enforces a right, imposes a penalty, or makes some other court order to impose its will in respect to a particular legal failure or injury.
Seller
An individual or entity that offers goods or services for sale to buyers in exchange for money or other compensation.
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