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Insolvency is the financial state of a being where the Individual or Company or family has lost the capability to pay off their debts to the creditors. Bankruptcy is termed as a legal declaration of insolvency. Bankruptcy is a legal process that happens when the individual declares he or she can no longer pay back his or her debts to creditors. Insolvency is just the state where the financial inability is reached whereas bankruptcy is the realization and announcement of that the state of being insolvent. Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due.
The sentence below has been divided into three parts. Select the part of the sentence that has an error. If the sentence has no error, select the option...
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Identify the segment in the sentence which contains a grammatical error.
Prior to this assignment, he work as an officer in the accounts department.
The following sentence has been split into four segments. Identify the segment that contains a grammatical error.
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It is not difficult to sense country’s displeasure, even granting its rough diplomat disposition.
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Any state expecting to be taken seriously must first organize themselves to behave seriously.
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