Examlex
A company with a high operating leverage will experience a large percentage change in operating income as a result of a small percentage change in sales.
Subjective Standard
A standard for decision-making that is based on personal feelings, tastes, or opinions, varying from person to person.
Objective Standard
A legal benchmark that uses a reasonable person's perspective to evaluate an individual's actions or decisions in a given situation.
Condition Subsequent
A condition in a contract that, upon occurrence, terminates the contract or an obligation within the contract.
Real Estate Contracts
Legally binding agreements related to the purchase, sale, lease, or exchange of real property.
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