Examlex
Adjustments are necessary to bring an asset or liability account to its proper amount and also update a related expense or revenue account.
Civil Law
A legal system that deals with disputes between private parties, encompassing laws such as contracts, property, and family law.
Breaking a Contract
The act of violating the terms of a legal agreement, which can result in legal consequences or the need for renegotiation.
Private Individual
A person acting in their personal capacity rather than representing any form of organized group such as corporations, governments, or non-profit organizations.
U.S. District Courts
The general trial courts of the United States federal court system where cases involving federal law are heard.
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