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If the future value of a sum is $220 and the annual interest rate is 10%, what is the present value?
Auto-parts Manager
A professional responsible for overseeing the operations and inventory of an auto-parts store or department.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise considered binding, not because of a formal contract, but because it was relied upon by another to their detriment.
Quasi-contract
A legal concept where a court imposes an obligation on a party to prevent unjust enrichment or unfair benefit at the expense of another, even if no actual contract exists.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American states.
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