Examlex
Which of the following best describes the consequences of White-band disease in Caribbean coral reefs?
Obligee
A person or entity that is owed a duty or performance under a legal agreement or contract.
Obligor
An obligor is a person or entity legally bound to provide a payment, service, or other benefit to another party (the obligee) under the terms of a contract or legal agreement.
Statute of Frauds
The Statute of Frauds is a legal principle that requires certain kinds of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjuries.
Parol Evidence Rule
A legal principle that prevents parties from presenting extrinsic evidence that contradicts or adds to the written terms of a final contract.
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