Examlex
You are a first-year student at a major university.Which of the following describes a social context that could have a positive impact on your academic success?
Electronic Record
Digital information that is recorded and stored in a form usable by a computer; it can include texts, images, data, or any other information in digital format.
Repossess
The process by which a lender takes back property from the borrower due to failure in making the agreed payments.
Suretyship Provision
A clause in a contract that involves a third party (surety) who agrees to fulfill the obligations of the debtor if the debtor fails to do so.
Statute of Frauds
A legal principle that requires certain types of contracts, such as those involving real estate or lasting over a year, to be in writing to be enforceable.
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