Examlex
According to Fayol's principles of management, workers should be given more job duties to perform with less responsibility for their work outcomes.
Creditors
Creditors are individuals or entities to whom money is owed by debtors or borrowers.
Primary Objective Test
A rule that states a writing is not needed for enforcement if the promise to pay another party’s debt is made to obtain a gain for the guarantor.
Guarantor
The promisor.
Enforceable
A characteristic of a legal agreement or obligation that allows it to be legally upheld or compelled in a court of law.
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