Examlex
Professor Sanford explains that the need for physical safety must be met before city dwellers will be motivated to form close friendships with neighbors. Professor Sanford is providing an example of
Subrogation
The legal right for insurers to pursue a third party that caused an insurance loss to the insured.
Guarantor
A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party defaults.
Debtor's Obligation
A debtor's legal responsibility to repay a debt as agreed upon with the creditor.
Mechanic's Lien
A legal claim on a property's title to protect those who have provided work or materials that enhance the property's value.
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