Examlex
Managers rely strictly on financial information when faced with decisions.
Right to Contribution
The legal right allowing a party who has paid more than their share of a common debt to demand reimbursement from other liable parties.
Cosureties
Joint parties who guarantee to pay back a loan or satisfy a debt for someone else if that person fails to do so.
Right of Reimbursement
The right to be repaid or compensated for expenses, losses, or damages that have been paid out or incurred on behalf of another party or entity.
Cosigns
Occurs when an individual signs a contract or loan agreement alongside another, taking on equal responsibility for the obligation.
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