Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #67096 on Sun Pacific Holding Corp (SNPW)
drugmanrx
02/19/23 12:16 AM
#67097 RE: wallstreet1231 #67096
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.