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Warranty is an assurance that are not vital to the contract (unlike conditions), such that a violation of warranty will not result in the termination of the contract.

Working Capital is an indication of how much money would remain once all current liabilities were paid. It is calculated by determining the difference between current assets and current liabilities.

Writ is a form of written command in the name of sovereign state, court, etc. issued to an official or other person and directing him or her to act or abstain from acting in some way.


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Walter Pawlowski Ontario Mortgage Agent M11002486