A Collateral Promise Is an Undertaking to Be Primarily Liable

question 61

True/False

A collateral promise is an undertaking to be primarily liable for the principal debtor's debt.

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Definitions:

Psychoanalysis

A set of psychological and psychotherapeutic theories and methods, originated by Sigmund Freud, emphasizing unconscious motivations and conflicts.

Client-Centered Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes the importance of the therapist’s unconditional positive regard towards the client.

Cognitive Therapy

Cognitive therapy is a form of psychotherapy that emphasizes the identification and restructuring of negative or irrational thoughts and beliefs that contribute to emotional distress and mental health disorders.

Exposure Therapy

A form of psychotherapy that helps individuals confront their fears and anxieties by gradual and repeated exposure to the feared object or context without any danger.