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Flashcards - Contracts: Statute of Frauds

Flashcards - Contracts: Statute of Frauds
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voidable
Voidable, in law, is a transaction or action that is valid but may be annulled by one of the parties to the transaction
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voidable
Voidable, in law, is a transaction or action that is valid but may be annulled by one of the parties to the transaction
statute of frauds
The statute of frauds refers to the requirement that certain kinds of contracts be memorialized in a writing, signed by the party to be charged, with sufficient content to evidence the contract
surety
In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults

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