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When Is an Organization in a State of Inertia

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When is an organization in a state of inertia?


Definitions:

Creditor/Debtor Transaction

A financial agreement involving a creditor providing funds or resources to a debtor who in return promises to repay the creditor.

Real Property

Immovable property such as land, buildings, and other structures that are permanently attached to the land.

Chose in Action

A personal right not attached to any physical property, recoverable by a lawsuit, such as debts, copyrights, or patents.

Chattels

Personal property that is tangible and movable.

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