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Larry would like to take Sara on a date, but she refused his first invitation to go bowling.If Sara hates bowling, and Larry continues to ask her out to go bowling, he is exhibiting
Privity Of Contract
The principle that contracts are binding only on the parties signing the agreement, not on any third parties.
Loan Default
The failure to meet the legal obligations or conditions of a loan, such as not making scheduled payments on time.
Sarbanes-Oxley Act
A U.S. federal law enacted to protect investors from the possibility of fraudulent accounting activities by corporations.
Government Oversight
The monitoring and evaluation of activities by government agencies or legislative bodies to ensure compliance with laws, regulations, and policies.
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