Identify the Following Terms

question 23

Short Answer

Identify the following terms.
-rubber

---

Definitions:

Contractual Relationship

A Contractual Relationship is a legally binding connection between two or more parties established through an agreement that specifies mutual obligations.

Acceleration Clause

A contractual term that comes into effect when there is a failure to make an instalment payment and which requires that the entire debt plus expenses be paid.

Installment Payment

A method of payment where the total cost is divided into smaller amounts, paid over a specified period of time.

Injunction

A legal directive compelling an individual or a group to initiate or halt a defined action.