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Evaluate the integral.
Collateral Promises
Secondary agreements that are ancillary to a primary contractual obligation, requiring the fulfilment of another condition or obligation.
Primary Obligations
Primary obligations are the main or chief duties, liabilities, or responsibilities that a party is contractually or legally bound to perform.
Secondary Obligations
Duties or responsibilities that arise as a result of failing to fulfill a primary obligation, such as penalties or damages.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the legal rules around sales, leases, negotiable instruments, and secured transactions among states.
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