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Canceling debt breaches contract and reveals two possible reasons, Luis Garicano notes

Canceling debt breaches contract and reveals two possible reasons, Luis Garicano notes
Debt cancellation is a clear contract breach

Luis Garicano argues that explaining accounting movements to the public is often futile.

He presents two understandable alternatives, referencing a recent statement by Angel Ubide: canceling debt constitutes a breach of contract, typically motivated either by an inability or unwillingness to pay.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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