Settlement of disputed and undisputed debts

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1. Why should small business owners understand the concept of contract modification and settlement of disputed and undisputed debts?

2. What are some examples of a stakeholder approach within a small business?

3. Explain the differences between a material breach and a minor breach and how parties to a contract can disagree on the severity of a breach.

4. Explain the difference between objective and subjective impossibility.(bussiness law).

Reference no: EM132087595

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