Examlex
The auditor can be satisfied with less than persuasive evidence in the audit process because of the believe that management is honest.
Oral Contracts
Agreements that are made verbally and not put into writing, which can be legally binding in certain circumstances.
Customized Goods
Products that are personalized or tailored to meet the specific preferences or requirements of an individual customer.
Collateral Promises
Secondary agreements that are ancillary to a primary contractual obligation, requiring the fulfilment of another condition or obligation.
Primary Obligations
Primary obligations are the main or chief duties, liabilities, or responsibilities that a party is contractually or legally bound to perform.
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