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Although such a gratuitous promise would be otherwise unenforceable, under the UCC, any claim arising out of an alleged breach of contract can be discharged by a written renunciation signed and delivered by the aggrieved party.
Operating Activity
Activities directly related to the primary business operations of a company, including production, distribution, and sales of goods and services.
Payment Of Dividends
The distribution of a portion of a company's earnings to its shareholders, usually in the form of cash or additional shares.
Interest Expense
The expense that an entity has to bear for the money it borrows over a certain duration.
Preferred Stock
A type of stock that offers dividends at a fixed rate and has priority over common stock in the distribution of assets during a company's liquidation.
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