Examlex
The following are good reasons for mergers:
I. Surplus funds
II. Eliminating inefficiencies
III. Complementary resources
IV. Increasing earnings per share (EPS)
Timely Notice
The requirement to inform or alert parties involved in a legal or formal process within a set time frame to ensure fairness.
Dishonor
The refusal or inability to pay a financial obligation when it comes due.
Secondarily Liable
Refers to a party who is indirectly responsible for fulfilling a debt or obligation if the primary party fails to do so.
Secondary Signature Liability
The legal responsibility of a party who signs a document on behalf of another party, potentially being held liable under certain conditions.
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