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After the Iroquois confederacy repudiated the 1784 Treaty of Fort Stanwix,
Unforeseen Circumstances
Events or situations that could not have been predicted or expected and may affect the ability to fulfill obligations.
Liquidated Debt
A debt with a known, fixed amount that is not disputed by either party.
Unliquidated Debt
A debt for which the exact monetary value has not been determined.
Preexisting Duty
An obligation that a party is already legally bound to fulfill, which cannot serve as consideration for a new contract.
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