Examlex
What are the advantages and disadvantages of wood as a building material? How has modern technology helped to overcome some of the disadvantages?
Guarantor
An individual or entity that agrees to be responsible for another’s debt or performance under a contract if the original party fails to meet their obligations.
Principal Debtor
The primary individual or entity responsible for repaying a debt or obligation under the terms of a loan agreement or financial contract.
Obligor
An obligor is a person or entity legally obliged to provide a benefit or payment to another in a contractual agreement.
Collateral Contracts
Collateral contracts are supplementary agreements made in addition to a primary contract, which impose additional obligations or conditions related to the primary contract's terms.
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