Examlex
Explain,with the use of examples,the concept of legal capacity.
Guarantor
is an individual or entity that agrees to be responsible for another's debt or performance under a contract, if the original party fails to meet their obligations.
Principal Debtor
The main individual or entity obligated to repay a debt or loan in the terms of a financial agreement.
Principal Debtor
The main individual or entity legally obligated to repay a debt or loan in accordance with the terms of the agreement.
Guarantor
An individual or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.
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