Examlex
In statement 1, which of the following laws is the organization most likely violating?
Loan Repayment
The process of paying back borrowed money, typically in installments, to the lender.
Written Partnership Agreement
A legally binding document that outlines the terms, conditions, and operations of a partnership between two or more parties.
Formal Agreement
A legally binding contract, often documented and signed, that outlines specific terms and conditions agreed upon by parties.
Unenforceable
A term describing a contract or clause that is not legally binding or cannot be enforced by law.
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