Amanda,a Recent University Graduate,needed a Car to Get to Her

question 8

True/False

Amanda,a recent university graduate,needed a car to get to her new job.To help Amanda secure a loan for the car,Ted,a friend,agreed to pay the loan should Amanda default.Ted's promise to pay the loan is a collateral promise.His promise must be in writing to be enforceable.

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Definitions:

Behaviour

The actions, reactions, or conduct of an individual or system in response to external or internal stimuli.

Direct Experience

Knowledge or skill acquisition that comes from personally engaging in a task or activity, as opposed to learning about it from others.

Beliefs

Deeply held convictions or opinions that influence an individual's actions and attitudes.

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.