Examlex
The complete effect of a transaction on the accounts is disclosed in the journal.
Sale of Goods
A commercial transaction where the ownership of physical products is transferred from the seller to the buyer for a price.
Statute of Frauds
A legal principle requiring certain types of contracts to be in written form in order to be enforceable.
Specific Performance
A legal remedy in contract law where a court orders a party to perform their obligations under a contract, rather than just paying damages for failure to do so.
Oral Agreement
A contract or agreement made through spoken words rather than in written form which can be legally binding in certain circumstances.
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