____________________ Refers to the Ability of a Company to Meet

question 176

Short Answer

____________________ refers to the ability of a company to meet its short-term obligations.

---

Definitions:

Majority

More than half of a group or quantity, often used to describe the greater part or number in a community or collection of items.

Disaffirm

To reject, refuse to accept, or declare a contract void, often used in the context of minors’ capacity to enter into contracts.

Necessary

Essential or required for a particular purpose, without which the objective cannot be achieved.

Ratification

The action of signing or giving formal consent to a treaty, contract, or agreement, making it officially valid.