Define the Following:conceptual Hypothesis

question 59

Short Answer

Define the following:conceptual hypothesis

---

Definitions:

Guaranty

A type of contract which ensures that a third party is secondarily liable for the debt to be paid; similar to a suretyship.

Liable

Being legally responsible for something, typically entailing a legal obligation to compensate for harm caused.

Artisan's Lien

A legal claim or right granted to craftsmen or repairers over the property they have serviced or improved, until payment is received.

Judicial Lien

A lien obtained by a creditor upon a debtor's property, granted by a court judgment, to secure payment of a debt.