Examlex
Suppose you withdraw $1,000 in cash from your checking account.Draw a T-account to show the effect of this transaction on your bank's balance sheet.
Cover
In commercial transactions, the act of purchasing substitute goods when a seller fails to fulfill a contract.
Incidental Damages
Additional minor costs that a party incurs when the other party fails to fulfill a contract.
Unpaid Seller
A seller who has not received payment for goods supplied.
Cover
A legal remedy in contract law where the aggrieved party purchases goods or services, similar to those agreed upon, from a different source due to the original party's failure to comply.
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