Which of the Following Is a Collateral Promise

question 1

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:

Enhance Existing Ideas

The process of improving or further developing current concepts, products, or services to create added value or solve additional problems.

Development Strategy

A plan or course of action designed to achieve long-term growth, improvement, or expansion in a particular area or domain.

Preexisting Information

Information that was already available or known before the current context or situation.

Prior Knowledge

The information gained from a combination of life and work experience.