Examlex
Breach of contract occurs when a person fails to perform a contractual duty that has not been excused.
Net Income
The ultimate earnings of a company, determined by subtracting all operational costs and governmental levies from its revenue.
Stockholders
Individuals or entities that own shares of stock in a corporation, thereby owning a portion of the company.
Liabilities
Financial obligations or debts that a company owes, which it must pay back in the future.
Assets
Resources owned by a business or individual that have economic value.
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