A Guaranty Contract Between People with No Bad Credit History

question 65

True/False

A guaranty contract between people with no bad credit history can be oral.

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Definitions:

Customer

An individual or entity that purchases goods or services from a business.

Bank Statement

A document issued by a bank that summarizes an account holder's transactions and financial activity over a specified period.

Checking Account

A bank account that allows for numerous withdrawals and deposits, intended primarily for daily transactions.

Check Register

A record book used to track checks written, deposits made, and the current balance of a checking account.