Examlex
In an assignment,the party receiving the rights is known as the assignor.
Accounts Receivable Turnover
A financial ratio that measures how effectively a company collects on its credit sales by dividing total credit sales by the average accounts receivable.
Current Asset
An asset that is expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.
Eighteen Months
A period of time equal to one and a half years.
Note Receivable
A written promise that someone will pay a business a specific sum of money on a specified date or on demand.
Q18: Quasi contract allows a court to act
Q18: General descriptions take precedence over inconsistent samples.
Q19: In a contract, an exculpatory clause releases
Q20: Evidence of prior agreements that differ from
Q42: Under the Statute of Frauds, fixtures, such
Q50: Identification takes place when specific goods are
Q52: Refer to Fact Pattern 16-1. The value
Q56: Chris, a minor, signs a contract to
Q58: An instrument "payable to bearer" is negotiated
Q65: Refer to Fact pattern 11-1. The clause