Examlex
A repurchase agreement is similar to which of the following?
Breach of Contract
The failure to perform any term of a contract, agreement, or promise without a legitimate legal excuse.
UCC
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the laws across states.
Cancelling Contract
The legal act of nullifying an agreement, making it legally void and releasing all parties from their obligations under that agreement.
Remedy
in law, signifies the means by which a court of law enforces a right, imposes a penalty, or makes some other court order to impose its will in respect to a particular legal failure or injury.
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