A collateral contract is a contract which assigns the rights and/or obligations of an existing contract to a third party. Due to the doctrine of "privacy of contract" only those parties mentioned in a contract have rights and obligations and it is illegal to assign these rights and obligations to third parties without the consent of the other parties to the main contract. Collateral contracts overcome the privacy of contract doctrine. Collateral contracts are used in the construction industry to make a direct contractual relationship between clients and sub-contractors. In the collateral contract the client will promise to pay the sub-contractor for the works that the main contractor promised the client to undertake. This collateral contract comes in handy when the main contractor goes insolvent or has late payments or, more importantly, when the subcontractor's performance is substandard.
three components of matter are planning
Limited Liability, Perpetual Life, Transferability of Ownership, Capacity to Contract and Centralized Management
The three main decision areas in business finance are:Investment decision,Financing decision and Dividend decision
Buyer's remorse. Seriously, if the car is returned within three days (as is permissible in some states), it is a simple annulment of the contract. If the three days grace period has passed, this would be a voluntary repossession, or lease laydown (depending on the specifics of the contract).
make new old and spread
There are three main stages of cellular respiration: 1) glycolysis, 2) Krebs Cycle, and 3) the Electron Transport Chain (ETC).
Cellular respiration has three main stages: 1. Glycolysis 2. The Citric Acid Cycle 3. Electron Transport Chain
What are the main stages of an animal life
Stages One, Two, and Three.
There are typically three stages of frontier development. These three stages are trade, settlement, and statehood and they are the stages Oregon went through.
There are typically three stages of frontier development. These three stages are trade, settlement, and statehood and they are the stages Oregon went through.
contract is contract
The three main stages of development of an echidna are egg, juvenile and adult. The juvenile stage could be divided into hatchling and young echidna.
The three stages that are needed for development of fruit fly larvae are molting stages, pupil stages, and metamorphosis stages.
The three stages of knighthood were page, squire and knight.
The water cycle has those three stages.