Examlex
A car salesman who falsely represents the condition of a car, knowing that it has major mechanical issues, and sells the car as being in mint condition. The salesman has committed the act of selling a vehicle under false promises.
Bad Debt
A financial loss that occurs when a debtor fails to repay a loan or credit extended, considered non-recoverable and potentially eligible for a tax deduction.
Professional Gambler
Professional Gambler is an individual for whom gambling is considered a trade or business, allowing them to deduct losses and expenses related to their gambling activities as business expenses.
Illegal Information
Information obtained or used in a manner that violates laws or regulations.
Illegal Parking
The act of parking a vehicle in a restricted or unauthorized location, which is against the law and may result in fines.
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