The Ability to Function in Business and Governance Using Only

question 43

True/False

The ability to function in business and governance using only one language has contributed to China's recent economic growth.

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Definitions:

Substantial Performance

A legal concept indicating that a party has completed enough of its contractual obligations to warrant payment or another form of compensation, even if minor details remain unfulfilled.

Agency

A relationship between two parties, where one party (the agent) is authorized to act on behalf of another (the principal) in business transactions.

Assignments Valid

Transfers of rights, duties, or property that are legally recognized and enforceable.

Notice

Formal communication or warning, often required by law or agreement, to inform a party about an action or condition.