Examlex
The amount of a corporate distribution qualifying for capital recovery treatment which exceeds the recipient's stock basis is treated as an ordinary gain.
Legally Enforceable
Referring to agreements or obligations that have the backing of and can be upheld by law.
Sustained Injury
refers to a physical or psychological harm that occurs and is maintained or prolonged over a period of time as a result of an accident, negligence, or intentional act.
Procedural Unconscionability
A legal doctrine referring to a situation where the manner in which a contract was formed is deemed unjust, due to a significant disparity in power or a lack of fairness.
Contractual Terms
Specific conditions and stipulations outlined in a contract that dictate the obligations and rights of the parties involved.
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