Examlex
A compound journal entry affects no more than two accounts.
Proper Reject
In the context of contracts or sales, a proper reject refers to the legitimate refusal to accept goods or services because they do not meet the agreed-upon specifications or standards.
Perfect Tender Rule
A principle in commercial law requiring goods delivered under a sales contract to exactly meet the terms of the agreement.
Koch Petroleum
A division within Koch Industries, primarily involved in the refining and distribution of petroleum products.
Reasonable Grounds
Reasonable grounds refers to a set of facts or circumstances that would lead a person of ordinary caution and prudence to believe or suspect that a certain fact or event has occurred or is the case.
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