Why Should Tax Researchers Take Note of the Date on Which

question 15

Essay

Why should tax researchers take note of the date on which a Treasury Regulation was adopted?

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Definitions:

Breach of Warranty

A violation of the promises or guarantees made about the quality, condition, or performance of a product or service.

Seek Cover

The act of attempting to find a substitute transaction or solution, typically in the context of a failed contract or transaction.

Breach of Contract

The violation of any of the agreed-upon terms and conditions in a binding contract.

Punitive Damages

Financial compensation awarded to a plaintiff, beyond actual damages, to punish the defendant for egregious conduct.