Suretyship and Guaranty Transactions Have the Common Feature of a Promise

question 6

True/False

Suretyship and guaranty transactions have the common feature of a promise to answer for the debt or default of another.

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Definitions:

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation that is designed to protect the public.

Sunday Closing Law

Laws designed to restrict or ban commercial activities on Sundays, historically rooted in religious observance and resting practices.

Public Decency

Standards of behavior considered acceptable by society, often legally enforced to maintain public order and morals.

Proximate Cause

A legal concept that refers to the primary cause of an injury or damage, determining liability based on the directness of the relationship between the action and the harm.