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

question 35

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) surertyship

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Definitions:

Price Of Corn

The cost at which corn is bought and sold in the market, influenced by factors like demand, supply, and agricultural conditions.

Supply Of Ethanol

Refers to the total quantity of ethanol available in the market for consumption and use, influenced by production, demand, and government policies.

Farmers Plant

The act of farmers sowing seeds in order to grow crops, which is a critical step in the agricultural production process.

Decrease In Supply

A condition where less of a good or service is available than before, at a given price, usually due to changes in production costs, technology, or seller expectations.