Examlex
Technician A says a replacement compressor should have the same type of clutch and pulley as the old compressor.Technician B says the mounting brackets and other fasteners on a replacement compressor should be identical to those on the old compressor.Who is correct?
Principal Obligation
The main debt or duty that a debtor is bound to fulfill under the terms of a contract.
Surety
A person or entity that takes responsibility for another's performance of an undertaking, for example, the payment of a debt.
Guarantor
A guarantor is an individual or entity that promises to repay a loan or fulfill an obligation if the original debtor fails to do so.
Equitable Redemption
is a legal principle allowing a mortgagor in default the right to redeem or reclaim their property by paying off the entire mortgage debt before a foreclosure sale.
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