The fulfillment of contractual promises as agreed- 2. a notification given by a defaulting party prior to initiation of performance that he or she is not going to perform- 3. the intentional and explicit giving up of a contractual right - 4. a ready, willing, and able offer to perform contractual obligations - 5. one who owes a duty under a contract 6. the result of a court decree that the breaching party do exactly what was required under the contract - 7. a termination of duties that ordinarily occurs when the parties perform as promised - 8. the action or procedure followed to enforce a right or to get damages for an injury to a right - 9. the injured party takes reasonable steps to minimize the harm done-

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.