Examlex
Explain why ethics are an integral part of accounting.
Age Of Majority
The legally recognized age at which an individual is considered an adult and capable of making decisions and entering into contracts without parental consent.
Reasonable Period
Refers to a time frame that is considered fair and appropriate under the circumstances to perform a certain task or fulfill an obligation.
Disaffirm Contracts
The legal ability of one party, often a minor or someone not fully competent, to declare a contract void and release themselves from any contractual obligations.
Necessaries
Goods or services that are essential for maintaining a person's health, education, comfort, or welfare.
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