Question: What does it mean when a person is said to be in default? Who owes more than $100.00 b. That you owe more than $1,000.00

What does it mean when a person is said to be in default?

Who owes more than $100.00

b. That you owe more than $1,000.00 if it is a civil contract 

c. That he lost his rights over the subject of the contract 

d. That there was a delay in the fulfillment of obligations

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