If a Guarantor's Oral Promise to Pay a Debt Is

question 5

Multiple Choice

If a guarantor's oral promise to pay a debt is not in writing,which of the following is true?

• A)The guarantor may raise the statute-of-frauds defense.
• B)The guarantor may raise the UCC defense if a sale of a good is involved;otherwise,no defenses are available to the debtor.
• C)There are no defenses available because there is no legal requirement that a guarantor's oral promise be in writing.
• D)The guarantor may raise the consolidation defense.
• E)The guarantor may raise the absence of writing defense.

Recognize the pros and cons of hiring independent contractors versus employees.

Understand the documentation and requirements for proving employee eligibility and tax withholdings in the United States.

Acknowledge the economic impacts of IP theft on a national and global scale.

Learn the registration process and legal structures for protecting intellectual property and business operations.

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Definitions:

Management-By-Objectives

A management model that involves setting clear, specific objectives that are agreed upon by both management and employees, focusing on measurable results and feedback in performance assessment.

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Characterized by a forward-thinking or progressive approach, focusing on innovations, long-term goals, and anticipation of future trends or needs.

Job Analysts

Professionals who study job requirements and roles to inform job descriptions, recruitment, compensation, and performance evaluations.

Performance-Related Categories

Classifications used to evaluate an individual's work performance, often determining eligibility for rewards or promotions based on specific criteria.