Laura Is Considering the Possibility of Becoming a Surety to Carl

question 24

True/False

Laura is considering the possibility of becoming a surety to Carl on a debt by David, but she would like more information on the relationship between Carl and David concerning the transaction.If Laura requests such information from Carl, he must disclose it, because his failure to disclose material facts will constitute fraud.

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Definitions:

Data Collection

Data collection is the process of gathering and measuring information on variables of interest, systematically, enabling one to answer stated research questions.

Sampling Error

The discrepancy or error that arises when a sample statistic does not perfectly represent the corresponding population parameter, due to the selection of a random subset.

Sample Size

The number of individual observations or data points collected and included in a sample from a larger population.

Biased

Showing preference or prejudice for or against something or someone, often in a way considered to be unfair.