A Guarantee Is

question 32

Multiple Choice

A guarantee is

• A)a promise to be primarily liable for the debt of a debtor.
• B)a promise to enter into an agreement when a debtor defaults.
• C)a promise to pay only if the debtor defaults.
• D)a promise to purchase goods.
• E)a promise to add one's signature to a legal document.

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Definitions:

Thomas Friedman

An American journalist, author, and three-time Pulitzer Prize winner known for his work on foreign affairs, global trade, the Middle East, globalization, and environmental issues.

Global Forces

The various worldwide factors, such as economic, technological, sociocultural, and political changes, that influence businesses, economies, and societies.

Globalization Of Markets

The process by which businesses or other organizations develop international influence or start operating on an international scale, making products and services more universally accessible.

Social Networks

Platforms or structures that connect individuals or organizations, allowing them to share information, interests, or activities.