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单词 collateral contract
释义

collateral contract
A subsidiary contract that induces a person to enter into a main contract. For example, if X agrees to buy from Y goods made by Z, and does so on the strength of Z’s assurance as to the high quality of the goods, X and Z may be held to have made a collateral contract consisting of Z’s promise as to quality given in consideration of X’s promise to enter into the main contract with Y.

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更新时间:2025/4/9 20:51:01