Why Is Placing a Seal Beside the Signature of a Guarantor

question 27

Multiple Choice

Why is placing a seal beside the signature of a guarantor who signs a guarantee still enforced in modern-day Canadian society?

• A) Absence of the seal renders the gratuitous promise in the guarantee unenforceable.
• B) Absence of the seal suggests an absence of the intention of the parties to contract.
• C) Absence of the seal suggests an absence of the acceptance of a firm offer.
• D) Absence of the seal renders the acceptance of the offer of guarantee unenforceable.

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Definitions:

Primary Goals

The main objectives or targets that an individual, organization, or project aims to achieve.

Hedge Fund

An investment fund that employs diverse strategies to earn active return, or alpha, for its investors, often involving higher risk.

Immediate Pay-offs

Immediate benefits or returns gained from an action or investment, often considered short-term thinking.

Nonrenewable Natural Resources

Resources found in nature that cannot be replenished or take millions of years to form, such as coal, oil, and natural gas.