Examlex
If a current mortgage payment of $792 per month can be reduced to $578 per month by refinancing, how many months would you need to remain in the house to recoup refinancing charges of $3,784? (Round up to the nearest month.)
Intent to Benefit
A principle that refers to the deliberate desire to provide benefits or advantages through a contract to a specific party or parties.
Language Used
The specific words, terms, and phrases employed in communication or documentation, which can influence interpretation and understanding.
Surrounding Circumstances
The context or conditions existing at the time of an action or event, often considered in legal interpretations, negotiations, or contract formations.
Promisor
The party in a contract who makes a promise to perform an obligation to the promisee.
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