Examlex
Which of the following statements regarding developmentalists is ?
Conditional Surety
A surety agreement where the guarantor's obligations are triggered by the occurrence of specific conditions.
Absolute Surety
A guarantee without conditions or limitations, ensuring complete assurance or certainty.
Subrogee
A party that assumes the legal rights of another (the subrogor) to make claims or enforce rights, typically in insurance cases.
Financing Statement
A document filed to give public notice that a lender has a security interest in a borrower's personal property.
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