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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 ...
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]
The "foreseen" or "Restatement Standard" approach was established by the American Law Institute’s (ALI) Second Restatement of Law of Torts. With this approach the auditor is liable to all third parties in which their reliance is foreseen even if the auditor doesn't know the third party. [ 13 ]
The Restatement (Second) of Contracts states that the elements of consideration are as follows: 1. A performance or a return promise must be bargained for. 2. A performance or return promise is bargained for if it is sought by the promisor in exchange for his promise and is given by the promisee in exchange for that promise. 3.
Restatement §203, trade usage non-excluded by parol evidence rules Columbia Nitrogen Corp v Royster Co , 451 F 2d 3 (4th 1971) 31,000 tons of phosphate a year for $50 a ton. The buyer could rely on custom of adjusting prices in the fertilizer industry despite the contract's express price, when the market fell.
Radwah Oda was diagnosed with colon cancer at 30. She shares five symptoms she dismissed, including narrow stools, blood in the stool, pain and fatigue.
A vast and eccentric collection of everything from vintage Rolls-Royces to an entire house relocated from Syria, the Sheikh Faisal Bin Qassim Al Thani Museum is worth a trip into the deserts of Qatar.
The withdrawal of previously declassified U.S. federal records is a process in which agencies can remove records from public access that they believe were incorrectly declassified and made available to the public at the National Archives and Records Administration.