Examlex
Charitable contributions made by an S corporation are not deductible by the corporation; therefore, the shareholders receive no tax benefit from the contributions as itemized deductions.
Express Repudiation
The explicit rejection or refusal to fulfill a duty or obligation set forth in a contract.
Similar Bicycle
A bike that shares likeness or features with another bicycle, often in terms of design, functionality, or brand.
Market Price
The current price at which an asset or service can be bought or sold in the open market.
Agreed Price
The price that both buyer and seller have consented to in a transaction or contract.
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