Most Contracts of Surety Need Not Be in Writing

question 8

True/False

Most contracts of surety need not be in writing.

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Definitions:

Mediation

A process where a neutral third party helps disputing parties reach a voluntary, negotiated agreement.

Negotiation

A dialogue between parties aimed at reaching a mutual agreement or resolving differences.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties reach a mutually satisfactory agreement.

Arbitration

A method of dispute resolution where an impartial third party makes a binding decision to resolve a conflict outside of court.