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Tort of Deceit
A legal cause of action that arises when one party intentionally lies or misrepresents a material fact with the intent to deceive another, causing harm.
Guarantor
An individual or entity that agrees to be responsible for another's debt or performance under a contract, should the primary party fail to meet its obligations.
Principal Debtor
The main individual or entity responsible for repaying a debt or obligation.
Creditor
An individual, organization, or entity that lends money or extends credit to another party, expecting repayment.
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