Examlex
Unless an auction is advertised or announced to be without reserve, when a bid is made at an auction, it can be withdrawn if the auctioneer has not yet accepted the bid, because the auctioneer has the power of acceptance.
Ethics
Ethics refers to the moral principles that govern a person's or group's behavior, guiding what is right and wrong.
Cash Distributed
The act of disbursing or paying out cash from a company to its stakeholders, such as dividends to shareholders or payments to suppliers.
Business Entity Assumption
An accounting principle that treats a business as a separate entity from its owners for reporting and financial assessment purposes.
Owners
Individuals or entities that legally possess an asset, business, or property.
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