Credits

question 118

Multiple Choice

Credits

• A)decrease both assets and liabilities.
• B)decrease assets and increase liabilities.
• C)increase both assets and liabilities.
• D)increase assets and decrease liabilities.

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Definitions:

Perfect Tender Rule

a legal principle under the UCC that requires sellers to deliver goods that exactly meet the terms of the contract with the buyer.

Substantial Performance

A legal principle allowing a party to enforce a contract if they have fulfilled enough of its terms to warrant payment, even if there are minor breaches.

Entry Conflict

The initial disagreement or discord that arises when entering a new situation, group, or environment, often due to differing expectations or norms.

Employee's Entry

The process or event of a new employee joining an organization, including orientation and integration into the workplace.