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The "wherewithal to pay" concept refers to an individual's or entity's financial ability to meet obligations, such as debts or expenses. It assesses whether a person has sufficient income, assets, or resources to cover their financial commitments. This concept is often used in legal and financial contexts to determine creditworthiness or the feasibility of fulfilling financial agreements. Essentially, it evaluates the capability to pay rather than simply the willingness to do so.

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3w ago

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