Examlex
At the beginning of the year, you have an outstanding short-term loan of $684 which was used to cover your cash needs for the previous year. During the current year, you expect to pay $34 in
Interest. The projected net cash flow for the year is $403, excluding the interest payment. What is
Your anticipated loan balance at year end?
Implied Contract
A contract formed by the actions, behavior, or circumstances of the parties involved, rather than written or spoken words.
Conduct Of The Parties
Behaviors, actions, and interactions of the individuals or entities involved in a legal agreement or dispute.
Unilateral Contract
An agreement wherein one party makes a promise to perform in exchange for the act of the other party, who is not legally obligated to act but if they do, the first party is obligated to fulfill the promise.
Bilateral Contract
An agreement involving two parties where each side promises to fulfill certain obligations in exchange for benefits provided by the other.
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