Examlex
When an NFL football player begins endorsing a line of energy bars and protein drinks, he is required by the FTC to disclose this relationship and the fee received, but he is not required to actually use the products.
Fully Performed
Refers to a scenario where all terms and obligations of a contract have been met by all parties involved.
Executory
Describing a contract that has not yet been fully performed or completed by all involved parties.
Certified Public Accountant
A professional designation given to accountants who pass a standardized CPA exam and meet government-defined education and experience requirements.
Audit
A systematic examination or inspection of financial records, documents, or an entity's performance to ascertain accuracy and compliance.
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