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

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Definitions:

Situationists

Scholars or psychologists who argue that human behavior is primarily determined by surrounding circumstances rather than by personal qualities.

Personality Traits

Enduring characteristics and behaviors that distinguish one individual from another.

Predict

To make a reasonable inference about future events or outcomes based on current or past information.

Behavioral Trends

Patterns or tendencies in behavior that are observable across a group of individuals or over time.