A debtor-creditor relationship is essentially a bi-lateral contract with enforceable rights and duties for both parties.

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A debtor-creditor relationship involves a contractual agreement between two parties with specific obligations and rights. Both parties are bound by the terms of the agreement, and failure to fulfill these obligations can result in legal action being taken against the party in breach of the contract.

A Debtor-Creditor Relationship Is Essentially a Bi-Lateral Contract with Enforceable