Examlex
Bases of power refer to:
Principal Debtor's Debt
The main amount of money that a debtor is obligated to pay back, excluding interest or additional fees.
Oral
Relating to the spoken word or communication by mouth, as opposed to written or non-verbal means.
Writing Requirement
A legal principle stating that certain kinds of contracts or agreements must be in writing to be enforceable.
Promissory Estoppel
A legal principle that prevents a party from retracting a promise which the other party has reasonably relied upon to their detriment.
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