Examlex
Because it is consistent with the wherewithal to pay concept, the tax law requires a seller to recognize a gain in the year the installment sale occurs.
Respondeat Superior
A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, when such acts occur within the scope of employment or agency.
Commits a Tort
Engaging in an act that causes harm or injury to another person, leading to legal liability under civil law.
Term Partnership
A specific partnership established for a predetermined duration or until a project is completed.
Wrongfully Dissociates
An unjust separation or withdrawal from a partnership or association that breaches an agreement or expectation.
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