failure to meet obligations
1. BANKRUPTCY(4). 2. INSOLVENCY.
failure to meet obligations Read More »
Search Results for: FAILURE TO MEET OBLIGATIONS
failure to meet obligations
failure to meet obligations 无力清偿到期债务；拒绝清偿到期债务(→failing circumstances)
failure to meet obligations Read More »
failure to perform
A party’s not meeting its obligations under a contract. See CONTRACT(4). [Cases: Contracts 261(1), 312(1), 315. C.J.S. Contracts §§ 467, 470, 472, 480, 561.]
failure to perform Read More »
insolvency
insolvency, n. 1. The condition of being unable to pay debts as they fall due or in the usual course of business. 2. The inability to pay debts as they mature. — Also termed failure to meet obligations; failing circumstances. See BANKRUPTCY(2). Cf. SOLVENCY. balance-sheet insolvency. Insolvency created when the debtor’s liabilities exceed its assets.
failing company doctrine
failing-company doctrine. Antitrust. The rule that allows an otherwise proscribed merger or acquisition between competitors when one is bankrupt or near failure. 15 USCA §§ 12–27. — Also termed failing-firm defense. [Cases: Monopolies 20(1). C.J.S. Monopolies §§ 106–111, 115–116, 125.] “The 1992 guidelines provide a limited defense for failing firms and failing divisions of firms.
failing company doctrine Read More »