Examlex
Who did Spain depend on for colonization?
Credit
A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date, generally with interest.
Receipt
A written acknowledgment that something of value has been transferred from one party to another.
Statute of Frauds
A rule of law that mandates specific contract types to be documented in writing and signed by the accountable party for them to be valid and enforceable.
Oral Agreement
A verbal contract in which the terms have been agreed upon through spoken communication, legally binding in many scenarios but harder to prove in court.
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