Examlex
Factor by grouping.
Consideration
Something of value exchanged between parties in a contract, which can include money, services, or goods, making the contract legally binding.
Indorsement
A signature or stamp placed on a negotiable instrument (such as a check) that indicates the future control or ownership of the instrument.
Secondary Liability
Secondary liability occurs when a party is held responsible for the actions of another, typically in situations where the primary party fails to fulfill their obligations.
Contingent Liability
A potential financial obligation that may occur, depending on the outcome of a future event.
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