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Selling receivables is called
Breach of Contract
An occurrence when one party does not honor a commitment or fails to perform any term of a contract without a legitimate legal excuse.
Undue Influence
Pressure from a dominant, trusted person that makes it impossible for a party to bargain the terms of a contract freely.
Negotiable Instruments
Substitutes for money that bestow unique benefits; vehicles for conveniently transferring funds or advancing credit.
Bills of Exchange Act
Legislation that regulates the creation and the use of bills of exchange, a type of negotiable instrument.
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