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After George learned that Mrs. Min suffered from schizophrenia,he mistakenly concluded that her tendencies to laugh easily and smile frequently were symptoms of her disorder. This best illustrates the
Lien Claim
A right granted by law to a creditor over the property of a debtor as security for the debt.
Bulk Sales Acts
Laws designed to protect creditors by regulating the bulk transfer of business assets outside the regular course of business.
Holdback Money
Funds retained by a party in a contract to ensure obligations are met before making full payment.
Privity of Contract
The principle that a contract cannot confer rights or impose obligations arising under it on any person or agent except the parties to it.
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