Examlex
To determine whether leverage is positive or negative, the investor needs to determine whether the IRR is greater than market rate of interest on mortgage loans.
Rescission
The legal act of voiding a contract and returning the parties involved to their original positions, as if the contract had never been executed.
Parol Evidence Rule
This legal rule restricts the use of oral (parol) statements in court when interpreting a written contract.
Written Agreement
A physically or digitally documented contract among parties that outlines the terms, conditions, and obligations of a deal or arrangement.
Subsequent Oral Agreement
An oral agreement made after a written contract, which can modify or override the original terms under certain conditions.
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