Examlex
________ children are infrequently nominated as someone's best friend and are actively disliked by their peers.
Guarantor
A person 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.
Jointly
Involves two or more parties working together or sharing a specified obligation or liability.
Severally Liable
When individuals or entities are individually responsible for their own proportion of liability in a debt or claim, instead of being collectively responsible.
Principal Relationship
A legal relationship between two parties in which one, the agent, is authorized to act on behalf of the other, the principal, in business transactions.
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