Examlex
Rank the following assets from most liquid to least liquid.
a) Common stock
b) Houses
c) Currency d) Art
e) Savings accounts
f) Checking account deposits.
Subject Matter
Refers to the topic, content, or substance of a legal case or document, which determines the jurisdiction and legal principles applicable.
Contract
An accord between several parties that carries legal weight and can be imposed by the law.
Voidable
A term referring to a contract or transaction that remains valid until one party decides to cancel or nullify it due to certain legal defenses.
Minor
An individual under the legal age of adulthood, which varies by jurisdiction but is commonly 18.
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