Examlex
Describe in general terms four or five characteristics of less-developed countries.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.
Oral Agreement
A verbal commitment between parties that is not recorded in written form but may still be legally binding.
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.
Original
In legal and official documents, "original" refers to the first form or version of a document that has not been copied, altered, or replicated.
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