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________ teams channel their members' efforts and attention into unproductive conflicts and interpersonal attacks.
Guaranty Contract
A legal agreement where a guarantor agrees to fulfill the financial obligations of a debtor to a lender, in case the debtor fails to do so.
Suretyship Contract
An agreement whereby a party (surety) guarantees the performance of an obligation by another party (principal) to a third party (obligee).
Primarily Liable
The main party responsible for fulfilling an obligation or settling a debt in legal or financial contexts.
Secondarily Liable
Refers to a party who is indirectly responsible for a debt or obligation, where primary liability lies with another party, but the secondary party may be called upon to fulfill the obligation if the primary fails to do so.
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