Fundamental to Evaluating an Alternative Is to Predict the Consequences

question 80

True/False

Fundamental to evaluating an alternative is to predict the consequences that will occur if the various options are put into effect.

---

Definitions:

Electronic Record

Digital information that is recorded and stored in a form usable by a computer; it can include texts, images, data, or any other information in digital format.

Repossess

The process by which a lender takes back property from the borrower due to failure in making the agreed payments.

Suretyship Provision

A clause in a contract that involves a third party (surety) who agrees to fulfill the obligations of the debtor if the debtor fails to do so.

Statute of Frauds

A legal principle that requires certain types of contracts, such as those involving real estate or lasting over a year, to be in writing to be enforceable.