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A large U.S. company operated in several businesses, including computers, disk drives, financial services, and defense satellites. Each division was self-contained. However, due to an economic downturn and changing market conditions, the company sold its noncore businesses of financial services and defense satellites in order to focus only on computer-related products. However, after making these sales, its costs were still high. What was the problem and how can it be resolved?
Conditional Indorsements
Endorsements made on negotiable instruments that impose certain conditions or limitations on the transferability or payment.
Article 3
often refers to specific sections within legal documents or constitutions that can vary by context, typically detailing certain rights, rules, or procedures.
Duress
Compulsion, force, or pressure to perform an act or make a decision against one's will.
Transfer
The act of moving or conveying property, title, or rights from one entity or person to another.
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