Examlex
_______is a change process based on systematic collection of data and selection of a change action based on what the analyzed data indicate.
Suretyship
A contractual obligation undertaken by a surety to be responsible for another's performance of an obligation or payment of debt, should that party fail to perform.
Guaranty
A legal commitment to be responsible for another's debt or contractual performance if that person fails to meet their obligations.
Primarily Liable
Liable for paying the amount designated on an instrument when it is presented for payment.
Common Law Lien
A right to keep possession of property belonging to another person until a debt owed by that person is paid in full.
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