Examlex
Describe the functions of agents and brokers.
Guarantor
A party that agrees to be responsible for the debt or obligation of another if the original obligor fails to meet their obligations.
Statute of Frauds
A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged.
Deed of Trust
A legal document in some states that involves a borrower, lender, and a trustee, securing a real estate transaction as collateral for a loan.
Surety
A person or entity that takes responsibility for the performance of another's obligations, such as fulfilling the terms of a contract or repaying a loan.
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