Examlex
"The bakery round the corner is very good. Unfortunately, the owners cannot expand as they are unable to get more financing." Which of the following factors is a reason for low performance in this situation?
Mortgage
A conveyance of property to secure the performance of some obligation, the conveyance to be void on the due performance thereof.
Marriage Consideration
The legal or moral obligations and benefits exchanged between parties upon entering a marriage.
Statute of Frauds
A requirement that certain kinds of contracts be memorialized in writing and signed by the party to be charged, in order to be legally enforceable.
Parol Evidence
Where a written contract exists, evidence about promises or statements made prior to or during the execution of the writing that are not contained in the written contract.
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