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Which One of the Following Statements About Maintenance Is TRUE

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Which one of the following statements about maintenance is TRUE?


Definitions:

Proper Consideration

Adequate value or compensation exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Debt

Money owed by one party, the borrower, to another, the lender; typically involving repayment terms and sometimes interest.

Written Contract

An agreement between parties that is documented in a written form and signed by the parties involved.

Remedy

A legal means of enforcing a right or correcting a wrong.

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