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What is the difference between an institutional and a structural contingency theory?
Bankruptcy
A legal status of a person or entity that cannot repay the debts it owes to creditors.
Implied Warranty
A warranty created by operation of law.
Solvent
The state of having assets exceed liabilities, allowing an individual or company to meet its financial obligations.
Delegation
means to transfer authority or responsibility to another person to carry out specific activities.
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