Examlex
Which of the following questions will bankers first ask potential small business owners?
Express Breach
A clear and definitive violation of a contract's terms, explicitly stated within the agreement.
Dock Strike
A work stoppage or labor strike involving dock workers, often due to disputes over pay, working conditions, or labor practices.
Mitigate Damages
The legal principle requiring a party suffering loss to take reasonable action to minimize the amount of the loss.
Wrongful Dismissal
The termination of an employee's contract of employment in violation of the contract or statutory law.
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