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Frictional unemployment occurs when:
Privity
A legal concept indicating a close, mutual, or successive relationship to the same right of property or the power to enforce a promise or warranty.
Due Diligence
The investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract.
Accountant-Client Privilege
A legal principle that protects communications between a certified accountant and their client from being disclosed without the client's permission.
Statutorily Recognize
Formally acknowledged or established by law or statute.
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