A Contract of Suretyship Does Not Necessarily Have to Be

question 69

True/False

A contract of suretyship does not necessarily have to be in writing to be enforceable.

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Definitions:

Regression Analysis

A statistical method used for estimating the relationships among variables, often to predict the value of a dependent variable based on independent variables.

Coefficient

An algebraic expression is multiplied and preceded by a constant or numerical quantity known as the coefficient.

Constant

A fixed value that does not change in mathematical equations or experiments.

Predict

To declare or indicate a probable event or outcome in the future, often based on data analysis or patterns.