Examlex
When solving for the future value of a stream of unequal cash flows,it is important to add together the values BEFORE applying the future value formula to determine their future value.
Severely Intoxicated
A state of being under the influence of alcohol or drugs to a significant degree, impacting cognitive and physical abilities.
Capacity
In law, the ability of an individual to enter into a contract, evidenced by their being of sound mind and of legal age, or by a business to enter into agreements.
Ratification
The act of giving formal consent to a treaty, contract, or agreement, making it officially valid.
Minor
An individual under the legal age of adulthood, often considered as under 18 years old in many jurisdictions.
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