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An errand is a task of no great consequence, typically concerning household or business affairs, which requires the person undertaking it to travel to a place where it can be accomplished. The activity of undertaking this task is called running an errand , while a series of such tasks undertaken in a single outing is called errand-running or ...
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.
The law of obligations is one branch of private law under the civil law legal system and so-called "mixed" legal systems. It is the body of rules that organizes and regulates the rights and duties arising between individuals.
The term mortician is derived from the Latin word mort-('death') with the ending -ician.In 1895, the trade magazine The Embalmers' Monthly put out a call for a new name for the profession in the US to distance itself from the title undertaker, a term that was then perceived to have been tarnished by its association with death.
Undertaking may refer to: Task (project management), in general; The services provided by an undertaker, mortician, or a funeral director; Company, in business, in particular in European Union law, the term is used interchangeably, i.e. a business entity; Undertaking (driving), overtaking another vehicle using a lane nearer the curb-side
Under section 4 of the Statute of Frauds (1677), a "guarantee" (an undertaking of secondary liability; to answer for another's default) must be evidenced in writing. No such formal requirement exists in respect of indemnities (involving the assumption of primary liability; to pay irrespective of another's default) which are enforceable even if ...
A Letter of Understanding (LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally.
Although no express reference to it is made in the German Civil Code (BGB), the concept of separating a personal undertaking to pay or exchange goods or legal rights (e.g. through contract) from the conveyance of title to those goods or legal rights (e.g. through a deed or land registration) is fundamental to German private law (as well as ...