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Explain the relationship between the debt ratio and insolvency?
Costs or Losses
Expenses or financial setbacks that occur as a result of engaging in a business activity or due to unforeseen events.
Misrepresentation
The act of providing false, misleading, or incorrect information about a material fact in a contract.
Specific Performance
A legal remedy requiring a party to fulfill their obligations under a contract, rather than paying damages for failure to do so.
Lack of Capacity
A legal term referring to an individual's inability to enter into a contract due to mental incompetence or age.
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