Examlex
The best explanation for the Salem witch craze is:
Security Interest
A legal claim or right granted by a debtor to a creditor over the debtor’s property, which secures payment or performance of an obligation.
Debtor
An entity or person that owes money to another, the lender or creditor.
Consideration
An essential element in contract law, referring to the exchange of something of value between parties as part of an agreement.
Simple Contract
A contract that is not formalized in writing but is made orally or by conduct, requiring only mutual agreement and consideration to be valid.
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