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Exoneration is an agreement that a party shall not be liable for loss.
A payee is not liable on an instrument until the payee transfers the instrument to
someone else.
Generally, the tenant has the right to the exclusive possession of the premises during the
term of the lease.
A lease is the relationship by which one person is in lawful possession of real property
owned by another.
A buyer who cancels a sales contract because the seller fails to deliver the goods is
entitled to recover as much of the purchase price as had been paid.
