Examlex
Instructions: Identify the following terms:
deflation
Statute of Limitations
Legislation that establishes a deadline by which legal actions must be commenced following an incident.
Oral Contracts
Agreements that are made verbally and not recorded in a written document, but are still legally binding.
Written Ones
Documents or agreements that are formally inscribed or recorded in written form.
Accord and Satisfaction
A legal settlement where a debtor offers payment less than the amount owed, and the creditor accepts this payment as full settlement of the debt.
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