Examlex
Kudzu is a fast-growing vine that was introduced to the United States in 1876 as a fragrant, ornamental plant and was later used as a source of erosion control. Kudzu grows especially well in the warm, humid climate of the Southeastern United States. In fact, it grows so well that it can outgrow and kill off less successful native plants; it can also kill off areas of forest because it prevents forest trees from receiving sunlight. Kudzu can best be described as
Memorandum
A written record or communication used in office or administrative support systems.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.
Oral Agreement
A verbal commitment between parties that is not recorded in written form but may still be legally binding.
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.
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