What Is the Best Description for the Word "Collateral

question 128

Multiple Choice

What is the best description for the word "collateral"?

• A)something that occurs incidentally
• B)having or affecting two sides
• C)accompanying or existing in a subordinate relationship
• D)the proof of the reality of something

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Definitions:

Entire Output

The entire output contract is a commercial agreement in which a buyer agrees to purchase all of a seller's production of a specific good or service.

Intent Of The Parties

The actual and mutual intention of all parties involved in a contract or agreement, determined from their actions and words.

Certain Terms

Specific, clearly defined provisions within a contract or agreement that detail the expectations, duties, and rights of all parties involved.

Subject Matter

The topic or substance of a document, discussion, or work, especially referring to the content of a legal document or proceeding.