The state of a person or fi rm recognized to be unable to pay obligations. a. assignee
Question:
The state of a person or fi rm recognized to be unable to pay obligations.
a. assignee
b. assignment
c. assignor
d. bankrupt
e. delegation
f. guarantor g. incidental benefi ciary h. novation i. personal-service c ontract j. third-party benefi ciary
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