Examlex
If inventory turnover is too slow,a company may be unable to sell goods or it may be understating merchandise inventory.
Mutual Mistake
A contract law term where all parties involved have a mistaken understanding about a crucial aspect of the agreement.
Basic Assumption
A fundamental belief or principle that is accepted as true without need for proof, underlying the basis of an argument or theory.
Material Effect
An impact significant enough to influence a decision, outcome, or valuation, often used in legal and financial contexts.
Rescind
means to revoke, cancel, or repeal a contract, decision, or agreement.
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