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A Guaranty Contract Must Always Be in Writing to Be

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True/False

A guaranty contract must always be in writing to be enforceable.


Definitions:

Rainy Days

Days on which a significant amount of precipitation falls, typically resulting from cloud formations.

Random Variable

A variable whose possible values are numerical outcomes of a stochastic process or a random experiment.

Independent

Refers to variables in a statistical model that are not influenced or controlled by any other variable within the model.

Standard Deviations

The statistical metric that quantifies the dispersion or spread in a dataset relative to its mean, used to understand how spread out data points are from the average value.

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