X Wished to Purchase a Motor Vehicle from Y on Credit

question 49

True/False

X wished to purchase a motor vehicle from Y on credit, but X was unemployed, and Y was hesitant to sell to him for that reason. Z, who was quite wealthy, said to Y: "Sell X the automobile on credit, and if X does not pay you, I will." If Z made the guarantee in writing, and signed the document, the guarantee would not be enforceable until X defaulted on a demand for payment by Y.

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Group Work

The collaborative effort of individuals working together in a group to complete tasks, solve problems, or achieve common goals.

Asian Americans

A diverse group of Americans of Asian descent, representing various nationalities, languages, and cultures.

Ethnic Backgrounds

Ethnic backgrounds denote the cultural heritages, traditions, and histories associated with specific ethnic groups.