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A suspense account is an account used temporarily to carry doubtful entries and discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions (cash receipts, cash disbursements and journal entries) entered with invalid account numbers.
The Court for the Trial of Impeachments, and the Correction of Errors was established by the New York State Constitution of 1777. [1] It consisted then of the Lieutenant Governor of New York (who is ex officio President of the State Senate), the Chancellor, the justices of the New York Supreme Court and the members of the New York State Senate.
It can be argued as a defense, and if raised successfully, can lead to the agreement in question being found void ab initio or voidable, or alternatively, an equitable remedy may be provided by the courts. Common law has identified three different types of mistake in contract: the 'unilateral mistake', the 'mutual mistake', and the 'common ...
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Accounting and reporting errors caused earnings corrections for Planet Fitness, Rivian, Mister Car Wash, and others—and also contributed to budget crises for schools and state governments.
Rectification is available if the parties intended to give effect to the whole of an antecedent agreement in the written contract and, by common mistake, they failed to do so. [3] However, the existence of an antecedent agreement is not essential to the grant of relief by way of rectification. [ 3 ]
Your bank account number: The second set of numbers after the routing number is your bank account number which lets the recipient know where the funds are coming from.
Errors and omissions excepted" (E&OE [1]) is a phrase used in an attempt to reduce legal liability for potentially incorrect or incomplete information supplied in a contractually related document such as a quotation or specification.