Examlex
Which of the following statements is true about colloquialisms?
Duty
A moral or legal obligation to perform an action or uphold a standard of behavior.
Liability
The legal responsibility for one's actions or omissions, potentially resulting in the requirement to compensate for damage or loss.
Constructive Trust
An equitable trust that is imposed in the interests of fairness and justice when someone wrongfully holds legal title to property.
Indemnification
A legal obligation to compensate for loss, damage, or liability incurred by another party.
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