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Sanand Awasthi
on Nov 27, 2024

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An agreement made before marriage that defines each partner's interest in the other partner's property is a collateral promise .

Collateral Promise

A secondary promise that is ancillary (subsidiary) to a principal transaction or primary contractual relationship, such as a promise made by one person to pay the debts of another if the latter fails to perform. A collateral promise normally must be in writing to be enforceable.

Before Marriage

Refers to the period or status of individuals' lives before entering into a legally recognized marital union.

  • Learn about the paramount importance and rudimentary requirements of the Statute of Frauds in the domain of contract law.
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Regina RojasDec 03, 2024
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