Examlex
Discuss how a multistate business divides up its corporate taxable income among the states in which it operates.
Hint: use the terms allocation and apportionment in your comments.
Breach of Contract
A violation of any of the agreed-upon terms and conditions of a contract without a lawful excuse.
Model-T Ford
The first mass-produced automobile by Ford Motor Company, famously affordable and accessible to the general public.
Contract Frustration
A legal concept where a contract becomes impossible to fulfill due to unforeseen events, relieving the parties of their duties.
Contractual Obligation
A duty, promise, or performance that is legally binding under a contract.
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