Examlex
Any losses that are suspended under the at-risk rules are carried forward and are available during an S corporation's post-termination period.
Lumber
Timber that has been processed into beams and planks, a stage in the preparation for use as building material or other purposes.
Minor
An individual under the age of legal adulthood, typically under 18, who has limited legal rights and capacities.
Voidable Title
A title to property or goods that can be rendered null and void due to certain conditions, such as fraud or misrepresentation.
Good Faith Purchaser
is a person who buys property without notice of any other party's claim to the title of the property and for a fair value.
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