Examlex
A condition that encourages business activity such as barter is:
Assets
Resources owned by individuals or companies expected to provide future benefits, including cash, properties, and investments.
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.
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