Examlex
What is a deposit in transit? How does a deposit in transit affect a bank reconciliation?
Personal Property Securities Act
A legal framework that regulates the creation and enforcement of security interests in personal property.
Inherently Dangerous
Activities or substances that possess potential risk or harm by their nature, without needing any alteration or misuse.
Duty of Care
The legal obligation to avoid acts or omissions that could foreseeably harm others, commonly applied in negligence cases.
Defective Product
An item that lacks the safety someone would reasonably expect, posing potential risks of injury or malfunction.
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