Examlex
Explain the differences between cash and accrual accounting methods.
Commercial Illegality
The state of being contrary to the laws governing commerce and business practices.
Commercial Impracticability
A doctrine in contracts law where a party may be relieved from performing under a contract, due to unforeseen and impractical hardships, not within the contemplation of the parties at the time of the contract’s formation.
Perfect Tender Rule
A principle in commercial law that requires the delivery of goods to be exactly as specified in the contract without any deviation.
Substantial Impairment
A significant reduction or weakening in strength, value, or quality of an asset or entity's ability to perform its intended function.
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