George Owes Michael Moneybags $1000

question 49

Multiple Choice

George owes Michael Moneybags $1000. Susan, George's sister, goes to Michael Moneybags and makes this statement, "if my brother is unable to pay, I shall make payment." Susan's statement is

• A) a promise of indemnity.
• B) a promise of guarantee.
• C) a misrepresentation.
• D) a representation.
• E) a promise of indemnity and a promise of guarantee.

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Definitions:

Moral Boundaries

Ethical limits or distinctions made within societies to differentiate between acceptable and unacceptable behavior or actions.

Public Nature

Refers to the characteristics of spaces, resources, or properties that are open for use by everyone in the community and managed on behalf of the public good.

White-Collar Crimes

Are illegal acts committed by respectable, high-status persons in the course of their work.

Class

A system of categorizing society into groups based on socioeconomic status, sharing similar levels of wealth, educational attainment, and occupation.