Examlex
It is possible to allocate income to partners based solely on interest.
Admission of Fact
The acknowledgment and acceptance of a fact as true, often in the context of legal proceedings.
U.S. District Courts
Federal courts that serve as the trial-level courts in the United States federal court system, handling both civil and criminal cases.
Trial Courts
The courts where cases are first heard, involving the presentation of evidence and legal arguments to a judge or jury.
Federal Court System
The three-tiered judicial system of the United States consisting of district courts, appellate courts, and the Supreme Court, which interprets and applies federal laws and Constitution.
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