Because of the ____,The Contractual Promise of a Surety to the Creditor

question 80

Multiple Choice

Because of the ____,the contractual promise of a surety to the creditor must be in writing to be enforceable.

• A) main purpose doctrine
• B) Uniform Commercial Code
• C) Bankruptcy Act
• D) statute of frauds

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Definitions:

Alderfer's ERG Theory

A motivational theory presented by Clayton Alderfer that categorizes human needs into three groups—Existence, Relatedness, and Growth—which influence individual behavior.

McClelland's Acquired Needs Theory

A motivational theory suggesting that individuals are driven by three main needs: achievement, affiliation, and power, which they acquire over time.

Arranged Hierarchy

A system where people or groups are ranked one above the other according to status or authority.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which suggests that humans are motivated by a hierarchy of needs, starting from basic physiological needs to self-actualization.