Examlex
Allocations of joint product costs can be based on the relative sales values of the products:
Insolvent Customer
A customer who cannot meet their financial obligations or pay for goods or services due to lack of financial resources.
Duty To Communicate
An obligation to provide relevant information in a timely and clear manner, especially in agreements or relationships requiring trust.
Duty Of Diligence
A legal obligation requiring a person to exercise reasonable care and attention in their actions or duties.
Breach Of Duty
Failure to meet the responsibilities or uphold the standards of care legally owed by one party to another.
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