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One of the main goals of the Organization of Petroleum Exporting Countries (OPEC)
was to reduce taxes from crude oil production.
In order to be valid, an accountant€s disclaimer of liability must be (1) clear and
unambiguous and (2) non-conspicuous.
A buyer may stop payment on a certified check issued to a seller if the goods are
defective when received.
Although a drawer has stopped payment on a check, the drawer still may be held liable
on the check.
Price discrimination is not permitted even when it can be justified on the basis of a
difference in grade, quality, or quantity.
The fact that the consideration supplied by one party is slight when compared with the
burden undertaken by the other party is immaterial.
