Examlex
What is the most common mineral group, and what are three common examples?
Privity of Contract
The principle that a contract cannot confer rights or impose obligations arising under it on any person or agent except the parties to it.
Doctrine of Privity
A legal principle stating that contracts are binding only upon the parties signing them, and no third-party can enforce or be obligated by the contract.
Progress Payments
Payments made through the course of a project or contract based on the completion of specified stages of work.
Purchase Money Security Interest
A legal claim that allows creditors to repossess property if the purchaser fails to make payment.
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