Examlex
Describe one self-serving cognitive bias and the purpose it serves.
Statute of Frauds
A legal doctrine that requires certain types of contracts to be executed in writing and signed by the party to be charged.
Surety
A party that takes responsibility for another's performance of an undertaking, such as fulfilling the terms of a contract.
Creditor's Rights
Legal rights granted to creditors to collect debts owed to them, including the right to sue for non-payment or to reclaim property sold on credit.
Principal Debtor
The principal debtor is the original borrower responsible for repaying a debt or obligation in a financing agreement.
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