Examlex
Explain what a blind thrust fault is and why it is dangerous to those who live near them.
Obligor
An Obligor is the party in a contractual agreement who is bound to provide a specified performance to another party, the obligee.
Obligee
The party in a contractual agreement who is owed a duty or obligation by another party, the obligor.
Third-Party Donee Beneficiary
A person who benefits from a contract between two other parties, although they are not one of the contract's signatories.
Insurance Policy
A contract between an individual or entity and an insurance company, outlining the terms for premium payment in exchange for risk coverage.
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