The Concept of Laissez Faire in Government Would Translate as

question 4

Multiple Choice

The concept of laissez faire in government would translate as

• A) every man for himself.
• B) an associative community.
• C) liberty and equality.
• D) the less government the better.
• E) free trade.

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Definitions:

Personal Guaranty

A legal commitment by an individual to repay a loan or debt in the event that the primary borrower defaults.

Main Purpose Rule

A legal principle that exempts a guarantor from the requirement of a written contract if the primary intent of the guarantee is to serve the guarantor's own interests.

Debtor

An individual or entity that owes money to another party.

Foreclosure Proceeding

A legal process by which a lender seeks to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.