Examlex
If a fire destroys the inventory, the gross profit method can be used to estimate the cost of merchandise destroyed.
English Rule
A legal principle where the losing party in litigation is required to pay the legal costs of the winning party.
Obligor
A party that is bound by a legal obligation to another, known as the obligee.
Consent
Consent is the voluntary agreement to or approval of a proposal or action, typically after having knowledge of relevant facts and implications.
Lessee
A person or entity who leases or rents property from another called the lessor.
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