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Under the doctrine of strict liability, when a product is obviously dangerous, a manufacturer has no duty to warn consumers of potential injuries.
Leasehold Improvements
Enhancements made to a rental property by a lessee, typically to tailor the space to their specific business needs.
Idle Land
Land owned by a company not currently being used for production, operations, or any other economic activities.
Market Rate
The prevailing interest rate available in the marketplace for securities of similar risk and maturity.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return, reflecting the time value of money.
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