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Mr.Ho talked with Mr.Tarr,who ran a business called Roscali Roofing.Mr.Ho agreed to pay Tarr $250 for the repair of his roof.In time,Gene Fix,Tarr's employee,came to Mr.Ho's and worked on the roof.Fix used the wrong material in the repairs,which made all his effort worthless; during the next rain the roof leaked as before.Which of the following is true?
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts, allowing for the liquidation or reorganization of assets to pay creditors.
Bankruptcy Petition Preparers
Individuals or entities that assist debtors in completing their bankruptcy documents without offering legal advice.
Discharged
The action of being released or relieved from an obligation, duty, or debt.
Tax Consequences
The effects that financial or legal decisions have on one's taxes owed to the government.
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