Examlex
What is the present value of $25 to be received at the BEGINNING of each year for the next 6 years if the discount rate is 12%?
Enforceable
An attribute of contracts or legal obligations that allows them to be legally compelled or carried out by a court.
Sign
To write or mark one's name on a document as a means of identification and consent.
Confirmatory Memorandum
A document used to summarize and confirm the details and terms of an agreement that was previously negotiated and agreed upon orally.
UCC's Statute of Frauds
A legal requirement under the Uniform Commercial Code that certain types of contracts must be in writing to be enforceable.
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