A Material Breach Occurs When Performance Is Substantial, but Not

question 7

True/False

A material breach occurs when performance is substantial, but not complete.​

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Definitions:

Voucher Document

A document recording the details of a financial transaction and used for authorizing the payment process.

Separation Of Duties

A principle in auditing and accounting where tasks are divided among different employees to prevent fraud and errors.

Management Of Cash

The process of collecting, managing, and investing a company's cash flows to meet its operational and financial objectives.

Alphabetical Order

A method of sorting by arranging items according to the sequence of the letters in the alphabet.