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Courtlyn's Company Uses a Local River for Dumping

question 52

Multiple Choice

Courtlyn's company uses a local river for dumping.The company is aware that the chemical it dumps causes plant life in the river to die.However,the chemical is so new that no regulations have been written about it.It appears Courtlyn's company is reaching the ________ level of corporate social responsibility.


Definitions:

Principal Obligation

The main debt or duty that a debtor is bound to fulfill under the terms of a contract.

Surety

A person or entity that takes responsibility for another's performance of an undertaking, for example, the payment of a debt.

Guarantor

A guarantor is an individual or entity that promises to repay a loan or fulfill an obligation if the original debtor fails to do so.

Equitable Redemption

is a legal principle allowing a mortgagor in default the right to redeem or reclaim their property by paying off the entire mortgage debt before a foreclosure sale.

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