A Person Who Promises to Act or Pay Upon the Default

question 26

Multiple Choice

A person who promises to act or pay upon the default of another is known as a(n) _____.

• A) creditor
• B) promisee
• C) surety
• D) principal
• E) primary obligor

---

Definitions:

Introduction Section

The initial part of a document, presentation, or book that sets the context, introduces the main topics, and outlines the purpose or objectives.

Incorporating Quotations

The act of embedding excerpts from other sources into one's own writing or speeches to support a point or argument.

Business Proposals

Detailed documents offering a specific product or service to a potential buyer or client.

Indented Quotations

Quoted texts that are set off from the main body of text by indentation, used to highlight or emphasize them in a document.