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_______________________________ is responsible for making estimates and should have a _____________________________ and _____________________________ designed to reduce the likelihood of material misstatements in them.
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Anticipatorily Repudiated
A declaration made by a party to a contract indicating they will not fulfill their future obligations under the contract before the performance is due.
Remedial Measures
Actions taken to correct or mitigate a problem, often used in legal and environmental contexts to address violations or damages.
Specific Performance
A court-ordered remedy that requires a party to perform their specific duties under a contract rather than providing monetary compensation.
Liquidated Damage Clauses
Provisions in a contract specifying a predetermined amount of damages to be paid if one party breaches the contract.
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