Examlex
Levi owns 100 shares of stock in Epic Electronics that currently sell for $100 per share. Epic just announced a two-for-one stock split for all current stockholders. Levi now owns $20,000 worth of stock in Epic Electronics.
Damaged Condition
A state in which goods or property are impaired in some way, reducing their value or functionality.
Reduction in Price
A decrease in the cost at which goods or services are sold, often to stimulate demand or respond to market conditions.
Right to Cure
A legal concept allowing a party in breach of contract the opportunity to fix the violation within a specified period.
Nonconforming Tools
Equipment or tools that do not meet the specific standards or requirements set by a contract or regulation.
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