Examlex
The excess of current assets over current liabilities is referred to as working capital.
Reasonable Person
A legal standard used to determine how an average person would responsibly act under certain circumstances for the purposes of establishing negligence in civil law.
Rights
Privileges or entitlements granted by law, custom, or agreement to individuals or groups, allowing them to perform certain actions or to be treated in a specific way.
Contracting Parties
Individuals, companies, or entities that enter into a contract and are bound by its terms.
Statute Of Frauds
A legal principle requiring certain contracts to be written and signed by the party or parties being charged to be enforceable.
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