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A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.g. lands becoming investment property intended for resale, rather than as property ...
The Restatements of the Law is one of the most respected and well-used sources of secondary authority, covering nearly every area of common law. While considered secondary authority (compare to primary authority), the authoritativeness of the Restatements of the Law is evidenced by their acceptance by courts throughout the United States.
Specifically, the UCC has replaced the Restatement (Second) of Contracts in regard to the sale of goods. The Restatement (Second) of Contracts remains the unofficial authority for aspects of contract law which find their genesis in the common law principles of the United States and, previously, England. [citation needed]
Each of these volumes is divided into sections that begin with a text in boldface that summarizes a basic rule on an aspect of the law of contracts, agency, etc. This "restatement" is followed by commentary and examples that expand on the principle stated. Another synonymous term, usually used in the United Kingdom, is "trite law".
To cite just one example, Kennedy spoke in a 2023 interview about how atrazine can “chemically castrate and forcibly feminize” frogs, and he said, without providing any evidence, that “if it ...
Image credits: lowtuned #5. Not worst, but definitely stupidest. My one dog follows me everywhere like Mary's little lamb. One evening I gave the dogs baths and left their jingly collars off while ...
The Restatement (Second) of Torts is in accord with this concept, stating that one who receives possession of a chattel from another with the intent to acquire for himself or a third person a proprietary interest in the chattel which the other has not the power to transfer is subject to liability for conversion to a third person then entitled ...
"I think I was only there the first day. Maybe I made it to day two," she added. "We did the read-throughs and they staged it, and then they're like, we better get somebody else."