Examlex
Why would opponents of a bill prefer an open rule to a closed rule?
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.
Separately Negotiated
Terms, conditions, or agreements that have been individually discussed and agreed upon by the parties involved, rather than applied universally or as part of a standard procedure.
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