Examlex
If a former employer gives a glowing statement about a candidate and the new employer later learns of misconduct on the part of the employee during his or her previous employment, the new employer may sue the former for
Secured Party
A lender or creditor who has an interest, typically through a lien, in the collateral offered by a borrower or debtor to secure a loan or obligation.
Obligation
A legal or moral duty or responsibility one party has towards another.
Secured Party
A creditor or lender that holds a security interest in collateral to secure a debt.
Secured Property
Refers to assets that are pledged as collateral for a loan, providing the lender with security that the loan will be repaid.
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