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Explain Why the Portion of the National Debt Owed to Foreigners

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Essay

Explain why the portion of the national debt owed to foreigners is a serious matter, whereas the portion owed to U.S.citizens is of less concern.Why does the U.S.national debt pose less of a problem than the debts of Greece in 2010?


Definitions:

Malpractice

Professional misconduct or the failure to exercise the requisite degree of skill as a professional. Negligence—the failure to exercise due care—on the part of a professional, such as a physician or an attorney, is commonly referred to as malpractice.

Uniform Partnership Act

A standardized set of laws adopted by states to govern the formation, operation, and dissolution of partnerships, providing a consistent legal framework across jurisdictions.

Express Agreement

A contract wherein the terms and conditions are stated clearly and explicitly by the parties involved.

Implied Agreement

A contract formed by actions of the parties that indicate a mutual intent to agree, rather than through written or spoken words.

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