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A failure without a legal excuse to perform any promise which forms the whole or part of a contract. Refusal to perform an agreement.
A federal law for the benefit and relief of creditors and their debtors in cases in which the debtor is unable or unwilling to pay its debts.
A person or entity to which a debt is owed by another person or entity.
One who owes a debt to a person or entity.
An association of persons or companies jointly undertaking some commercial enterprise; generally all contribute assets and share risks. A one-time grouping of two or more persons in a business undertaking. A legal entity in the nature of a partnership engaged in the joint undertaking a particular transaction for mutual profit.
A member of partnership or firm; one who has united with others to form a partnership in business.
A promise may be stated in words either spoken or written, or may be interpreted in whole or part from a persons conduct.
One who makes a promise.
A person who owns shares of stock in a corporation or joint-stock company. |
