Indicate Three Situations Where Someone Affected by the Decision of an Administrator

question 52

Essay

Indicate three situations where someone affected by the decision of an administrator can turn to the courts for relief.

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Definitions:

Unrealised Profit

Unrealised profit refers to profits that have been generated on paper through an investment's increased value but have not yet been realized through a sale.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials to be consumed in the production process.

External Party

An individual or organization that is separate from the entity being referred to and not directly involved in its operations or management.

Legal Entities

Organizations, companies, or individuals that have legal rights and obligations, allowing them to enter into contracts, sue, and be sued.