All Collateral Promises Must Be in Writing to Be Enforceable

question 46

True/False

All collateral promises must be in writing to be enforceable.​

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Definitions:

Electronic Accounting Systems

Digital systems that manage and process financial transactions and accounting tasks through specialized software.

Manual Accounting Systems

Traditional systems of accounting that use physical ledgers and books to record financial transactions manually.

Design And Structure

Encompasses the planning and organizing of systems, processes, or physical layouts to achieve desired functional and aesthetic goals.

Information Outputs

The resulting data or information that is produced from a process or system.