A(n) __________ Is an Undertaking by One Person, for Consideration

question 32

Multiple Choice

A(n) __________ is an undertaking by one person, for consideration, to pay another person a sum of money in the event of a specified loss.

• A) absolute guaranty
• B) indemnity contract
• C) guaranty of payment
• D) suretyship

---

Definitions:

Social Networking Sites

Online platforms that enable users to create public profiles, interact with real-life friends, and meet other people based on shared interests, activities, backgrounds, or real-life connections.

Digital Platforms

Online-based frameworks that facilitate varied interactions or services, such as e-commerce sites, social media, and cloud computing solutions.

Multimedia Messages

Communications that incorporate multiple forms of media, such as text, audio, images, animations, or video, into a single message.