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Which of the following statements best distinguishes parallel and convergent evolution?
Writing Requirements
Legal stipulations that certain contracts or agreements must be written and signed to be legally binding.
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.
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