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An account format that is similar to a T-account in that it has columns for debits and credits, but that is different in that it has columns for transaction date, explanation, and the account balance is the __________________________________.
Failure of Consideration
A situation where the promised performance in a contract is not fulfilled, making the contract voidable.
Breach of Contract
The failure to fulfill the terms or obligations outlined in a contract.
Fraud in the Inducement
A deceitful practice to mislead someone into entering a contract, undermining the agreement's legitimacy.
Indorsers
Individuals or entities that sign the back of a negotiable instrument, such as a cheque or a promissory note, thereby endorsing it to another party.
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