List and Explain Three Common Elements in Drafting

question 10

Essay

List and explain three common elements in drafting.

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Definitions:

Debris

The remains of something that has been destroyed or broken up.

Bankrupt

A legal status in which a person or entity is unable to repay the debts it owes to creditors.

Notice

A formal announcement or warning given to someone.

Incidental Beneficiary

A third party who may benefit from a contract despite not being a direct party to it but has no legal rights to enforce the contract.