Examlex
Which of the following accounts would normally have a debit balance?
Client
A client is an individual or entity that engages the professional services or advice of another, establishing a professional relationship.
Civil Lawsuits
Legal actions between private parties (individuals or entities), not involving criminal penalties, where the plaintiff seeks compensation or remedial action for wrongs alleged.
Racketeering Influenced and Corrupt Organizations Act
A federal law, often referred to as RICO, designed to enable the prosecution of criminal acts performed as part of an ongoing organization.
General Contract Law
The body of law that governs agreements made between parties, outlining the rights and obligations of each.
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