A Collateral Contract Can Be Used as a

question 69

Multiple Choice

A collateral contract can be used as a

• A)way to secure a loan from a bank
• B)way to get around the parol evidence rule
• C)way to enforce a cancellation charge
• D)way to avoid a disclaimer clause
• E)way to factor accounts receivable

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Definitions:

Types of Authority

Various forms of power or control recognized by individuals or society, such as legal authority, traditional authority, and charismatic authority.

Weber

Refers to Max Weber, a German sociologist, philosopher, and political economist known for his theory that religion significantly impacted the economic development, specifically in the West.

Functionalist

A sociological theory that views society as a system of interconnected parts that work together to maintain stability and harmony.

Conflict Theorist

A social scientist who views societal structures and relationships through the lens of conflict and power dynamics, often focusing on issues like inequality and social change.