A Guaranty Contract Must Be in Writing to Be Enforceable

question 22

True/False

A guaranty contract must be in writing to be enforceable.

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Definitions:

Explanation

A statement or account that makes something clear, often by detailing the causes, context, or mechanisms behind it.

Logical Strength

The degree to which the premises of an argument support its conclusion, determining its cogency or persuasiveness.

Explanation

A statement or account that makes something clear by describing details or reasons.

Salary Raise

An increase in the amount of money paid to an employee for their work, usually as a recognition of performance or market adjustment.