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The Continued Presentation of the CS Without the US Will

question 211

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The continued presentation of the CS without the US will result in the gradual disappearance of the CR. This phenomenon is known as ​


Definitions:

Memorandum

A written record or communication used in office or administrative support systems.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.

Oral Agreement

A verbal commitment between parties that is not recorded in written form but may still be legally binding.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

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