Examlex
Which of the following would be used to communicate a high level description of a major change that involved significant cost and risk to the organization?
Deposit
Money prepaid with the provision that the funds are to be forfeited in the event of a breach of contract.
Condition Subsequent
A condition in a contract that, when occurring, can terminate the contract or alter its terms.
Ended by Agreement
A situation where the parties involved decide to terminate a contract or agreement through mutual consent.
Legal Position
Refers to a party's rights, responsibilities, and standpoints under the law in a particular situation.
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