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Re: wallstreet1231 post# 67096

Sunday, 02/19/2023 12:16:10 AM

Sunday, February 19, 2023 12:16:10 AM

Post# of 81973
Each there own.

Me I will stick with the legal definition

Lapse is the termination of a right, interest, duty or obligation as a result of the passage of time, or failure of a condition, or a change in circumstance. Lapse because of the passage of time. An example of lapse because of the passage of time is that a party fails to accept an offer in time.



To “waive” is to forego something. It is an act of voluntarily giving up a right, and can apply to a variety of legal situations including knowingly giving up a legal right such as a speedy trial, a jury trial, giving up some rights in a settlement talk, or not enforcing a term of contract.



Both refuse in a cancelled RS.

LMAO!
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