Examlex
What are spatial,functional and chronological patterns of organizing information? Explain.
Surety
Surety is a financial arrangement where a third party (the surety) guarantees the performance of a primary party's obligations or undertakes to fulfill the primary party's obligations if the primary party fails to do so.
Guarantor
An individual or party that guarantees to pay back a loan or fulfill another obligation if the primary party fails to do so.
Liability
The state of being legally obligated and responsible for something, typically involving restitution for harm or damages caused.
Principal Obligation
The main debt or duty that a debtor is bound to fulfill under the terms of a contract.
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