Describe the System of Checks and Balances Created by the Framers.Why

question 21

Essay

Describe the system of checks and balances created by the Framers.Why is this system important?

---

Definitions:

Legal Steps

The procedures or actions required by law to achieve a certain outcome, such as filing a lawsuit or executing a contract.

Collateral

Property or other assets that a borrower offers a lender to secure a loan.

Financing Statement

A financing statement is a document filed by a creditor to indicate a security interest in the property of the debtor for purposes of establishing priority claims.

Renewal

The process of making something valid for an additional period or restoring it to a fresh condition.