A(n)________ Contract Occurs When One Person Agrees to Answer for the Debts

question 117

Multiple Choice

A(n) ________ contract occurs when one person agrees to answer for the debts or duties of another person.

• A) indemnity
• B) assurance
• C) guaranty
• D) due diligence
• E) insurance

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Definitions:

Biological Parents

The individuals whose genetic material a child inherits; often referred to as birth parents.

Transitions

The process or period of changing from one state or condition to another in life, work, or environment.

Single-Parent Household

A household in which one parent is responsible for raising child(ren) without the presence of a spouse or partner.