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_____ Emerged as a Major Issue in the 20th Century

question 80

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_____ emerged as a major issue in the 20th century in the face of increasing evidence that pollution,uncontrolled use of natural resources,and population growth were putting increasing pressure on the long-term sustainability of these resources.

Analyze the remedies available for breach of contract, including specific performance and damages.
Understand the use and impact of fundamental breach concept on contract enforcement.
Recognize the conditions under which a contract could be ended by performance, agreement, or breach.
Understand the principles surrounding substantial performance and the conditions precedent and subsequent in contract law.

Definitions:

Accrual Basis

An accounting method that records income when earned and expenses when incurred, regardless of when the cash is received or paid.

Average Annual Gross Receipts

An average of a business's total gross income over a specified period, often used to determine tax reporting requirements or eligibility for small business tax concessions.

Complete Liquidation

The process of closing a business by selling all assets, paying off creditors, and distributing the remaining assets to shareholders.

Capital Gain

The profit from the sale of an asset or investment exceeding its purchase price, which is subject to taxation.

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