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When a person is a minor is the missing element to a valid contract called offer and acceptance?
No. A contract with a minor by definition is characterized by offer, acceptance and consideration. Minority is an affirmative defense to liability for non-performance of the contract.
What are the journal entry for bank guarantees?
At the time of issuance of BG Dr : Constituent's Liability for BGs issued Cr : Acceptance, Endorsement & Other Obligations - Bank Guarantees and at the time of cancellation / closure of BG from the books Dr : Acceptance, Endorsement & Other Obligations - Bank Guarantees Cr : Constituent's Liability for BGs issued
What are examples of acceptance?
Acceptance is...
What is an strategic liability?
A strategic liability is a liability that is strategic.
Is Creditors an asset or liability?
Current Liability
What is net liability?
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
How is a liability increased by a credit or debit?
Liability has credit balance as normal balance so credit increases the liability which means addition to current liability will increase the overall liability and reduction in liability will reduce overall liability.
Is reverse engineering legal?
Yes, provided there are no restrictions associated with the product that you intend to reverse engineer. Such restrictions are typically found in license agreements that come with software products or software that is part of a product. One way to avoid liability associated with such licenses is to be the second or even third buyer. KT
Which is NOT a right that the Certifying Officer can exercise in order to maintain the integrity of the certification process and minimize his or her pecuniary liability?
The option to reverse a voucher certification and disbursal of funds.
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
When does acceptance by post becomes valid?
acceptance becomes valid when the letter of acceptance was placed in the post
What are the requirements of acceptance?
The acceptance must be unconditional and must follow the rules regarding the method of acceptance.
