Examlex
Contrast the Dow Jones Industrial Average and the Standard and Poor's Composite Index.
Bilateral Contract
A contract involving two parties where each promises to perform an act in exchange for the other's act.
Strict Rules
Regulations or guidelines that are rigorously enforced and must be followed precisely.
Collateral Promise
A secondary promise to answer for the debt or duty of another person in case that person fails to fulfill the obligation.
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 comply.
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