Examlex
Which of the following is NOT one of the recommended guidelines for setting effective employee goals?
Debtor
An individual or corporation that owes money or a debt to another, known as the creditor.
Collateral
Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.
Contractual Defenses
Legal arguments that can be used to challenge the enforceability of a contract, such as incapacity, duress, or fraud.
Surety Relationships
A legal arrangement where a third party (the surety) agrees to take responsibility for the debt or obligation of a borrower if the borrower defaults.
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