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If parole is not granted at the initial parole hearing, then
Three-Party Agreement
A contract involving three distinct parties, each undertaking specific obligations or rights.
Co-Signs
refers to the act of signing a loan or agreement alongside another person, assuming joint responsibility for the obligation.
Statute of Frauds
A legal principle that requires certain types of contracts (e.g., real estate transactions, contracts not to be performed within a year) to be in writing and signed by the parties to be enforceable.
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.
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