Which of the Following Is an Exception to the Suretyship

question 47

Multiple Choice

Which of the following is an exception to the suretyship provision requirement under the statute of frauds?

• A) A collateral promise made to the creditor
• B) A promise,the leading object of which is to obtain an economic benefit for oneself
• C) A collateral promise where there are three parties and two contracts involved
• D) A promise by an executor to pay the debts of the decedent from the executor's own funds

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Definitions:

Production Manager

A professional responsible for overseeing the production process of a company, ensuring efficient operations and meeting production targets.

Selecting Layout

The process of planning and arranging physical spaces in businesses, such as factories or offices, to optimize processes and productivity.

Implementing Production Process

The act of putting into action or executing a series of steps or stages in the manufacturing of products, focusing on efficiency, quality, and meeting customer demands.

Fixed-Position Layout

refers to a production strategy where the product remains stationary, and workers, materials, and equipment are moved as needed to the product's location.