Fact Pattern 24-1

question 65

Multiple Choice

Fact Pattern 24-1
Petro Oil Refinery asks Quality Bank for a loan to increase its oil inventory. Quality requires Robin, Petro's president, sign a personal guaranty to pay the debt if Petro defaults. Meanwhile, to sell fifty barrels of refined oil to Slick Lubricants, Inc., Petro asks its outside accountant Tina to co-sign a credit application.
-Refer to Fact Pattern 24-1. If Robin is a guarantor, then the guaranty is re?quired to be in writing because of

• A) the debtor's right of redemption.
• B) the co-signer's right of contribution.
• C) the creditor's transfer of possession.
• D) the Statute of Frauds.

Recognize the significance of financing methods on the alignment of voter benefits and costs in representative democracies.

Explain the implications of increased government activity on economic growth and rent-seeking behavior.

Understand the effects of constitutional rules and the shortsightedness effect on political decision-making and economic efficiency.

Analyze the rational-ignorance effect and its impact on voter behavior and information acquisition.

---

Definitions:

Nursing Assistive Personnel

Health care workers who assist nurses in providing patient care, but do not have the same level of education or licensure as registered nurses.

Insulin Injections

A method used to administer insulin directly into the body to manage blood sugar levels in individuals with diabetes.

Teaching Manikin

A lifelike model used in education, especially in medical and emergency training, to simulate real-life scenarios.

Participating Approach

A strategy or methodology that actively involves stakeholders, such as community members or employees, in the decision-making process.