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Most Business Firms in the United States Are

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Most business firms in the United States are


Definitions:

Discharges

The release, settlement, or extinguishment of a duty, liability, or obligation.

Original Contract

The initial agreement between parties before any amendments, modifications, or revisions are made.

New Agreement

A newly formed consensus or contract between parties, often institutionalizing terms, conditions, and obligations.

Concurrent Conditions

Conditions in a contract that must occur or be performed at the same time; they are mutually dependent. No obligations arise until these conditions are simultaneously performed.

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