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What is the balance sheet approach? When is its use most appropriate?
Courts of Chancery
Historical courts in England and later some states in the US, dealing with cases involving equity, including trusts, land law, and guardianships.
Common-law Courts
are courts that base their decisions on the principles and traditions of common law, which is law developed through court decisions over time, as opposed to statutory laws.
Bodies of Law
The collective set of laws, regulations, and legal principles that govern a specific area or country.
Subordinate Legislation
Rules and regulations made by an executive authority under powers given to them by an Act of Parliament.
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