Examlex
Studies of the major developed countries show that when businesses go looking for funds to finance their activities they usually obtain these funds from
Financial Ability
The capacity of an individual or entity to manage expenses, invest, or meet financial commitments, often determined by assets, income, and creditworthiness.
Legal Tender
Officially recognized currency that can be used to settle public and private debts within a country.
Repudiation
An indication by one party to the other that there will be a failure to honour the contract (the expression of which can be expressed or implied).
Condition Breached
When a specific condition or term in a contract is violated or not fulfilled as agreed.
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