Examlex
Which of the following statements about a trial balance is not true?
Third-Party Beneficiary
An individual or entity that, though not a party to a contract, stands to benefit from its execution.
American Rule
A legal principle stating that each party in a lawsuit is responsible for its own attorney's fees, except if otherwise provided by statute or agreement.
First-Assignment-In-Time Rule
A principle in law that gives priority to the party that first received the property or asset, often used in disputes over claims or ownership.
Emotional Intelligence
An ability to understand emotions and manage relationships effectively.
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