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O'Reilly Manufacturing provided the following information for last month:
If sales double next month,what is the projected operating profit?
Legally Binding
Refers to an agreement or contract that is enforceable by law, where all involved parties are obligated to fulfill the terms.
Court Opinion
A formal statement written by a judge or a court of law detailing the reasoning behind a verdict in a case.
Dicta
Comments made by a judge in a court opinion that are not essential to the decision and therefore not legally binding as precedent.
Court's Statements
Official pronouncements or declarations made by a judge or court of law regarding a legal matter or case.
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