Examlex
In which of the following cases would opting for a divorce be beneficial for the children?
Junior Lienholders
Creditors who have claims on a property that are ranked below other debts in terms of repayment priority in case of default.
Collateral
A form of security provided by the borrower to the lender, consisting of property or assets, that can be taken possession of should the borrower fail to repay the loan.
Unconscionability
describes a situation where a contract or clause is so unfair to one party that no reasonable or informed person would agree to it.
Good Faith
Acting with honest intent and without intent to defraud or seek unfair advantage.
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