Examlex
The times-interest-earned ratio shows a creditor the firm's ability to pay interest on debt.
Factual Capacity
The ability of an individual to comprehend facts and circumstances that impact legal responsibilities or rights.
Undue Influence
An improper or wrongful pressure exerted on a person, leading them to act against their will or best interest.
Peerless Case
A reference to Raffles v. Wichelhaus, a landmark court case that dealt with mutual mistake in contract law, specifically regarding the identity of a ship named Peerless.
Rescinded Contract
A contract that has been declared void and is no longer legally binding, often due to mutual agreement or legal reasons.
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