Which of the Following Is a Collateral Promise

question 62

Multiple Choice

Which of the following is a collateral promise?

• A) A mother tells a merchant to extend $1,000 worth of credit to her son and says, "If he doesn't pay, I will."
• B) Andrew promises Donald that if Donald cannot pay his bills, Andrew will.
• C) A father tells a merchant to deliver a computer to his daughter and says, "Send me the bill. I'll pay for it."
• D) All of these are collateral promises.

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Definitions:

Individualist

A person who prioritizes personal goals and self-reliance over group goals and interdependence.

Humanistic

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual.

Democratic

Pertaining to a system of government or organization where power is shared equally among its members, often involving election of leaders and equality among citizens in decision-making processes.

Individualism

A social theory valuing the freedom and independence of the individual, often over the interests or norms of the group.