Examlex
Richard is watching the laser printer for his two pages of graphic output. After a few moments, the data indicator light came on and a single page came out with only half of the page printed. This type of problem commonly occurs when the
Consideration
In contract law, the benefit or value that is exchanged between parties in a contract, making it binding and legally enforceable.
Deed of Trust
A document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) pays the lender according to the terms of a loan.
Mortgage
A loan secured by the collateral of real estate property, where the borrower is obliged to pay back with a predetermined set of payments.
Trustee
A person or firm that holds and administers property or assets for the benefit of a third party.
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