Examlex
Explain the rights-based and the utilitarian perspectives on the situation of an exchange between two parties, coming together freely.
Creditor
An entity (person or institution) that lends money or extends credit to another party, expecting to be repaid in the future.
Legal Action
A formal proceeding taken in a court of law to enforce or defend a right or seek a remedy.
Debtor's Property
Assets or properties owned by an individual or entity that owes money to creditors.
Mechanic
A skilled worker who repairs and maintains machinery, equipment, or vehicles.
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