The Conceptual Nature of Accounts: A Legal Perspective on Figments of the Mind with Tangible Consequences
Introduction Accounts are foundational elements in financial and legal frameworks, serving as essential constructs in commercial transactions. This article delves into the conceptual nature of accounts, examining how they are created as figments of the mind, yet carry significant tangible consequences. Through an analysis of legal definitions, principles, and case law, this article elucidates the…