A Promise to Pay Another's Debt Only If That Party

question 6

True/False

A promise to pay another's debt only if that party fails to pay does not need to be in writing to be enforceable.

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Definitions:

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit from the investment by its cost.

Job Postings

Announcements made by employers that inform potential candidates about job vacancies, detailing the job requirements, responsibilities, and how to apply.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, often reflecting the organization's work environment and job satisfaction levels.

Open Recruitment

Open recruitment is a hiring process that is publicly advertised, allowing anyone who meets the qualifications to apply, promoting transparency and equal opportunity.