When One Person Agrees to Pay the Debt of Another

question 21

Multiple Choice

When one person agrees to pay the debt of another as a favor to that debtor,it is called

• A)promissory representation.
• B)a mutual promise.
• C)promissory estoppel.
• D)a collateral promise.

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Definitions:

Human Resource Problems

Issues related to the management of employees within an organization, including recruitment, employment, and retention.

Developing Nations

Countries with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) ratings compared to more industrialized nations.

Capital Flight

The rapid movement of large sums of money or capital out of a country, typically to avoid economic instability or unfavorable conditions.

Corruption

The abuse of entrusted power for personal gain, often undermining democracy, ethical values, and justice.