Examlex
If one party repudiates a contract before the time of performance, the injured party may sue for anticipatory breach of contract.
Terminated
The condition of being brought to an end or concluded, often referring to contracts, employment, or agreements.
Insolvency
The state of being unable to pay debts as they fall due or having liabilities exceed assets.
Principal
The party that an agent’s authority can bind or act on behalf of.
Agent
An individual authorized to act on behalf of another, known as the principal, in legal or business matters.
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