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How do functionalists answer the question of why particular crimes are committed and punished in some societies,but not in others?
Conditional Sale Contract
An agreement for the sale of goods where the purchase price is paid in instalments and the title of the goods remains with the seller until the full purchase price is paid by the buyer.
Security Agreement
A legal contract that grants a lender a security interest in an asset, which acts as collateral for a loan, should the borrower default.
Builder's Lien Acts
Laws that provide a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property.
Statutory Holdback
A legal requirement to withhold a certain percentage of the contract price on a construction project to ensure all subcontractors are paid.
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