Chan Was Contractually Obliged to Pay $10 000 to Olivia

question 30

True/False

Chan was contractually obliged to pay $10 000 to Olivia, but failed to do so.For the next eight years, she pestered him for payment on a monthly basis, and he consistently and silently ignored her.Olivia is not barred by the statute of limitations because she has continually pressed her claim on Chan.

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Definitions:

International Transactions

Financial operations that occur across national borders, involving the exchange of goods, services, or capital between countries.

Intermediary

An entity or person that acts as a mediator or link between parties to facilitate a transaction or agreement.