Question

Indicate the four alternatives that can be used in the case of a defaulted subscription.

Please write in essay form and be detailed

Answer 1

Default in subscription means that the subscription was purchased first then full payment of subscription was not done.
This lead to default in subscription and also commonly known as defaulted subscription.

The four alternatives that can be used in the case of a defaulted subscription.
are :

• The forfeiture of whole amount can be done in the first case if the default in subscription is made.
• Cancellation of subscription can be done.
• Notice for default can be given.
• Forfeiture of the whole amount along with the cancellation of the subscription can be done.