Which of the Following Could You Reasonably Expect That a Lawyer

question 4

Multiple Choice

Which of the following could you reasonably expect that a lawyer would advise his client is a definition of a "guarantee"?

• A) a fair contract formed by one advantaged party over another
• B) a pledge evidencing capacity to enter into legally binding contracts
• C) a pledge to pay another's liability in the event of default of such duty
• D) a contract made enforceable by performance over a period of time

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, recorded in the cash flow statement.

Financing Activities

Transactions related to raising capital, repaying loans, and paying dividends, reflecting in the cash flow from financing section of a firm's cash flow statement.

Distributing Cash

Refers to the process of delivering or allocating cash holdings to various parties, such as dividends to shareholders or payments to creditors.

Issuing Debt

Refers to the process by which a corporation or government raises capital by selling bonds, bills, or notes to investors.