Examlex
Which of the following would be likely if marijuana were decriminalized,but not legalized?
Verbal Agreement
An agreement made through spoken words and not formally recorded in writing, yet is legally binding.
Specific Performance
A legal remedy where a court requires a party to fulfill their obligations under a contract, rather than providing a financial compensation.
Guarantee Agreement
A legal contract in which one party agrees to be responsible for another's financial obligations or performance under a contract if the latter fails to meet their obligations.
Loan Agreement
A contract between a borrower and lender, specifying the loan's terms, repayment schedule, and interest rate.
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