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:

United States Senate

The United States Senate is one of the two chambers of the United States Congress, responsible for making and passing federal laws. Each U.S. state is represented by two senators, regardless of its population size, serving staggered six-year terms.

Rejected

Describes something that has been dismissed, refused, or turned down, often after consideration or evaluation.

Ivan Pavlov

Ivan Pavlov was a Russian physiologist best known for discovering classical conditioning, where a neutral stimulus becomes associated with a reflexive response.

Classical Conditioning

A learning process that pairs a naturally occurring stimulus with a previously neutral stimulus, leading to a learned response.