Examlex
How can a company reduce the likelihood of unwanted turnover?
Creditors
Creditors are individuals or entities to whom money is owed by debtors or borrowers.
Primary Objective Test
A rule that states a writing is not needed for enforcement if the promise to pay another party’s debt is made to obtain a gain for the guarantor.
Guarantor
The promisor.
Enforceable
A characteristic of a legal agreement or obligation that allows it to be legally upheld or compelled in a court of law.
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